Garibaldi Resources (CVE:GGI) Stock Price Up 26.1% – Still a Buy?

Garibaldi Resources Corp. (CVE:GGI) rose 26.1% during trading on Monday . The stock traded as high as C$0.15 and last traded at C$0.15. Approximately 225,597 shares were traded during trading, an increase of 171% from the average daily volume of 83,396 shares. The stock had previously closed at C$0.12.

Garibaldi Resources Stock Down 4.0%

The stock has a market cap of C$18.24 million, a P/E ratio of -0.57 and a beta of -0.71. The business’s 50-day simple moving average is C$0.14 and its two-hundred day simple moving average is C$0.13.

Garibaldi Resources Company Profile

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.