Giga Metals Co. (CVE:GIGA – Get Free Report)’s share price dropped 5.6% on Wednesday . The company traded as low as C$0.12 and last traded at C$0.12. Approximately 141,250 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 225,955 shares. The stock had previously closed at C$0.13.
Giga Metals Price Performance
The company has a 50 day simple moving average of C$0.13 and a 200 day simple moving average of C$0.11. The company has a market capitalization of C$15.11 million, a price-to-earnings ratio of -5.75 and a beta of 0.15. The company has a quick ratio of 14.39, a current ratio of 1.00 and a debt-to-equity ratio of 0.98.
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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