Giga Metals (CVE:GIGA) Trading 4.3% Higher – Here’s Why

Giga Metals Co. (CVE:GIGA) shares were up 4.3% during mid-day trading on Tuesday . The company traded as high as C$0.12 and last traded at C$0.12. Approximately 74,500 shares traded hands during trading, an increase of 65% from the average daily volume of 45,105 shares. The stock had previously closed at C$0.12.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.75 price objective on shares of Giga Metals and gave the stock a “buy” rating in a research report on Tuesday, January 14th.

Giga Metals Stock Performance

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 stock has a market cap of C$12.67 million, a PE ratio of -6.00 and a beta of 1.13. The company’s 50-day moving average price is C$0.12 and its two-hundred day moving average price is C$0.13.

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.