Giga Metals (CVE:GIGA) Stock Price Down 4% – Here’s What Happened

Giga Metals Co. (CVE:GIGA) shares were down 4% during mid-day trading on Tuesday . The stock 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 target price on shares of Giga Metals and gave the company a “buy” rating in a report on Tuesday, January 14th.

Giga Metals Stock Down 4.0 %

The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.39 and a current ratio of 4.83. The firm’s 50-day simple moving average is C$0.12 and its 200 day simple moving average is C$0.13. The company has a market capitalization of C$12.67 million, a PE ratio of -7.49 and a beta of 1.13.

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.