Giga Metals (CVE:GIGA) Trading Up 8.7% – Still a Buy?

Giga Metals Co. (CVE:GIGAGet Free Report)’s stock price traded up 8.7% on Wednesday . The stock traded as high as C$0.13 and last traded at C$0.13. 11,715 shares traded hands during trading, a decline of 78% from the average session volume of 54,470 shares. The stock had previously closed at C$0.12.

Giga Metals Price Performance

The stock’s 50 day moving average price is C$0.13 and its 200-day moving average price is C$0.14. The stock has a market capitalization of C$13.20 million, a PE ratio of -6.25 and a beta of 1.13. The company has a quick ratio of 14.39, a current ratio of 2.55 and a debt-to-equity ratio of 0.40.

About Giga Metals

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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.

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