Shares of Giga Metals Co. (CVE:GIGA – Get Free Report) were down 6.7% during mid-day trading on Monday . The company traded as low as C$0.07 and last traded at C$0.07. 531,960 shares changed hands during mid-day trading, an increase of 261% from the average session volume of 147,410 shares. The stock had previously closed at C$0.07.
Giga Metals Stock Down 13.3%
The firm has a 50-day moving average of C$0.08 and a 200 day moving average of C$0.09. The stock has a market capitalization of C$9.86 million, a price-to-earnings ratio of -6.50 and a beta of 0.83. The company has a current ratio of 2.28, a quick ratio of 14.39 and a debt-to-equity ratio of 0.39.
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. The company was formerly known as Hard Creek Nickel Corporation and changed its name to Giga Metals Corporation in August 2017.
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