Garibaldi Resources (CVE:GGI) Trading 43.3% Higher – Here’s What Happened

Shares of Garibaldi Resources Corp. (CVE:GGIGet Free Report) shot up 43.3% during mid-day trading on Wednesday . The company traded as high as C$0.22 and last traded at C$0.22. 970,124 shares traded 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 Stock Performance

The stock has a market cap of C$32.69 million, a PE ratio of -1.02 and a beta of 0.01. The business has a 50 day moving average price of C$0.12 and a two-hundred day moving average price 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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