Garibaldi Resources (CVE:GGI) Trading 43.3% Higher – Still a Buy?

Garibaldi Resources Corp. (CVE:GGIGet Free Report) shares shot up 43.3% during trading on Thursday . The stock traded as high as C$0.22 and last traded at C$0.22. 970,124 shares changed hands during mid-day 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 Price Performance

The firm has a market capitalization of C$32.69 million, a PE ratio of -1.02 and a beta of 0.01. The company has a fifty day moving average of C$0.12 and a 200-day moving average of C$0.11.

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. The company was incorporated in 1993 and is headquartered in Vancouver, Canada.

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