Garibaldi Resources (CVE:GGI) Shares Up 26.3% – Here’s What Happened

Garibaldi Resources Corp. (CVE:GGIGet Free Report) was up 26.3% during mid-day trading on Thursday . The stock traded as high as C$0.12 and last traded at C$0.12. Approximately 124,450 shares changed hands during mid-day 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 Price Performance

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

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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