Giga Metals (CVE:GIGA) Trading Down 3.8% – Here’s What Happened

Giga Metals Co. (CVE:GIGA) shares fell 3.8% on Tuesday . The company traded as low as C$0.13 and last traded at C$0.13. 8,000 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 50,247 shares. The stock had previously closed at C$0.13.

Analysts Set New Price Targets

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

Giga Metals Price Performance

The company has a 50 day moving average price of C$0.12 and a 200 day moving average price of C$0.13. The firm has a market cap of C$13.20 million, a PE ratio of -7.81 and a beta of 1.13. The company has a current ratio of 4.83, a quick ratio of 14.39 and a debt-to-equity ratio of 0.31.

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.