Garibaldi Resources (CVE:GGI) Shares Up 43.3% – Still a Buy?

Shares of Garibaldi Resources Corp. (CVE:GGIGet Free Report) traded up 43.3% on Thursday . The stock traded as high as C$0.22 and last traded at C$0.22. 970,124 shares were traded during trading, an increase of 251% from the average session volume of 276,100 shares. The stock had previously closed at C$0.15.

Garibaldi Resources Stock Performance

The business’s 50 day moving average price is C$0.12 and its 200-day moving average price is C$0.11. The firm has a market cap of C$32.69 million, a price-to-earnings ratio of -1.02 and a beta of 0.01.

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. The company was incorporated in 1993 and is headquartered in Vancouver, Canada.

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