Giga Metals (CVE:GIGA) Trading Up 8.7% – Time to Buy?

Giga Metals Co. (CVE:GIGA)’s stock price shot up 8.7% during trading on Wednesday . The stock traded as high as C$0.13 and last traded at C$0.13. 11,715 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 54,470 shares. The stock had previously closed at C$0.12.

Giga Metals Trading Up 8.7 %

The company has a debt-to-equity ratio of 0.40, a quick ratio of 14.39 and a current ratio of 2.55. The firm has a market capitalization of C$13.20 million, a price-to-earnings ratio of -6.25 and a beta of 1.13. The company has a 50-day moving average price of C$0.13 and a 200-day moving average price of C$0.14.

Giga Metals Company Profile

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.