Giga Metals (CVE:GIGA) Stock Price Down 3.4% – Here’s What Happened

Giga Metals Co. (CVE:GIGA – Get Free Report) shares fell 3.4% during mid-day trading on Wednesday . The stock traded as low as C$0.14 and last traded at C$0.14. 13,000 shares traded hands during trading, a decline of 74% from the average session volume of 50,724 shares. The stock had previously closed at C$0.15.

Giga Metals Price Performance

The company has a current ratio of 2.55, a quick ratio of 14.39 and a debt-to-equity ratio of 0.40. The stock has a 50 day simple moving average of C$0.13 and a 200 day simple moving average of C$0.16. The firm has a market capitalization of C$14.78 million, a PE ratio of -7.00 and a beta of 1.13.

Giga Metals Company Profile

(Get Free Report)

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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