Garibaldi Resources (CVE:GGI) Trading 43.3% Higher – Here’s What Happened

Garibaldi Resources Corp. (CVE:GGI)’s stock price shot up 43.3% during mid-day trading on Wednesday . The company traded as high as C$0.22 and last traded at C$0.22. 970,124 shares changed hands 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 Up 43.3%

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

Garibaldi Resources Company Profile

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.