Giga Metals (CVE:GIGA) Shares Down 4% – What’s Next?

Giga Metals Co. (CVE:GIGA)’s share price fell 4% during trading on Tuesday . The stock traded as low as C$0.12 and last traded at C$0.12. 92,500 shares were traded during mid-day trading, an increase of 68% from the average session volume of 55,119 shares. The stock had previously closed at C$0.13.

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 report on Tuesday, January 14th.

Giga Metals Price Performance

The company has a debt-to-equity ratio of 0.31, a current ratio of 4.83 and a quick ratio of 14.39. The firm has a market cap of C$12.67 million, a price-to-earnings ratio of -7.49 and a beta of 1.13. The stock has a 50-day moving average price of C$0.12 and a 200 day moving average price of 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.