Garibaldi Resources (CVE:GGI) Shares Up 20% – Should You Buy?

Garibaldi Resources Corp. (CVE:GGIGet Free Report) shares traded up 20% during mid-day trading on Wednesday . The company traded as high as C$0.18 and last traded at C$0.18. 511,695 shares changed hands during trading, an increase of 1,088% from the average session volume of 43,081 shares. The stock had previously closed at C$0.15.

Garibaldi Resources Stock Performance

The company’s 50 day moving average is C$0.12 and its 200 day moving average is C$0.11. The company has a market cap of C$29.65 million, a PE ratio of -0.93 and a beta of 0.01.

About Garibaldi Resources

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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.

Further Reading

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