Giga Metals Co. (CVE:GIGA – Get Free Report) dropped 8.8% during trading on Tuesday . The company traded as low as C$0.06 and last traded at C$0.06. 84,650 shares were traded during trading, a decline of 46% from the average session volume of 157,023 shares. The stock had previously closed at C$0.07.
Giga Metals Price Performance
The company has a debt-to-equity ratio of 0.33, a current ratio of 2.65 and a quick ratio of 14.39. The firm has a market cap of C$9.10 million, a P/E ratio of -6.80 and a beta of 0.97. The stock’s 50-day simple moving average is C$0.07 and its two-hundred day simple moving average is C$0.08.
About Giga Metals
Giga Metals Corporation engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for nickel and cobalt sulphide deposits. It holds 100% interests in the Turnagain property with 75 contiguous mineral claims covering an area of approximately 40,069 hectares located in the Liard mining division of northern British Columbia. The company was formerly known as Hard Creek Nickel Corporation and changed its name to Giga Metals Corporation in August 2017.
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