Giga Metals Corp (CVE:GIGA) dropped 2.5% during mid-day trading on Thursday . The stock traded as low as C$0.38 and last traded at C$0.39, approximately 42,400 shares were traded during mid-day trading. A decline of 48% from the average daily volume of 80,978 shares. The stock had previously closed at C$0.40.
The firm has a 50 day moving average price of C$0.27 and a two-hundred day moving average price of C$0.22. The company has a quick ratio of 22.63, a current ratio of 23.67 and a debt-to-equity ratio of 4.10. The company has a market capitalization of $20.69 million and a price-to-earnings ratio of 13.33.
About Giga Metals (CVE:GIGA)
Giga Metals Corporation engages in the acquisition, exploration, and development of mineral properties in Canada. It owns a 100% interest in the Turnagain property comprising 65 contiguous mineral claims covering an area of 32,754 ha 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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