Garibaldi Resources (CVE:GGI) Hits New 52-Week Low – What’s Next?

Garibaldi Resources Corp. (CVE:GGIGet Free Report)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as C$0.07 and last traded at C$0.07, with a volume of 37570 shares trading hands. The stock had previously closed at C$0.07.

Garibaldi Resources Stock Performance

The business has a 50 day moving average of C$0.09 and a two-hundred day moving average of C$0.11. The firm has a market capitalization of C$10.64 million, a price-to-earnings ratio of -7.00 and a beta of -0.93.

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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