Giga Metals (CVE:GIGA) Trading Down 4% – Should You Sell?

Giga Metals Co. (CVE:GIGA)’s stock price was down 4% during trading on Tuesday . The company traded as low as C$0.12 and last traded at C$0.12. Approximately 92,500 shares changed hands during mid-day trading, an increase of 68% from the average daily volume of 55,119 shares. The stock had previously closed at C$0.13.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.75 price objective on shares of Giga Metals and gave the company a “buy” rating in a research note on Tuesday, January 14th.

Giga Metals Stock Performance

The company’s fifty day moving average price is C$0.12 and its 200 day moving average price is C$0.13. The company has a market cap of C$11.09 million, a PE ratio of -6.56 and a beta of 1.13. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.83 and a quick ratio of 14.39.

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.