Shares of Garibaldi Resources Corp. (CVE:GGI – Get Free Report) dropped 11.8% during trading on Monday . The stock traded as low as C$0.08 and last traded at C$0.08. Approximately 237,350 shares traded hands during mid-day trading, an increase of 219% from the average daily volume of 74,358 shares. The stock had previously closed at C$0.09.
Garibaldi Resources Price Performance
The company has a fifty day simple moving average of C$0.07 and a two-hundred day simple moving average of C$0.07. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.51 and a current ratio of 0.03. The company has a market capitalization of C$10.31 million, a price-to-earnings ratio of -7.50 and a beta of 0.50.
About Garibaldi Resources
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.
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