Garibaldi Resources (CVE:GGI) Trading 26.3% Higher – Still a Buy?

Garibaldi Resources Corp. (CVE:GGIGet Free Report)’s stock price was up 26.3% during mid-day trading on Thursday . The company traded as high as C$0.12 and last traded at C$0.12. Approximately 124,450 shares traded hands during trading, an increase of 112% from the average daily volume of 58,823 shares. The stock had previously closed at C$0.10.

Garibaldi Resources Trading Up 26.3%

The firm has a market cap of C$18.24 million, a price-to-earnings ratio of -0.57 and a beta of 0.17. The stock has a 50-day moving average of C$0.13 and a 200-day moving average of C$0.10.

Garibaldi Resources Company Profile

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Garibaldi Resources Corp., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada and Mexico. The company explores for nickel, copper, cobalt, platinum, palladium, gold, and silver deposits. Its flagship property is 100% owned E&L Nickel Mountain Project located to Northwest British Columbia.

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