Giga Metals (CVE:GIGA) Shares Up 4.3% – What’s Next?

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

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.75 target price 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 quick ratio of 14.39, a current ratio of 2.55 and a debt-to-equity ratio of 0.40. The business’s 50-day simple moving average is C$0.12 and its 200-day simple moving average is C$0.13. The stock has a market cap of C$12.67 million, a PE ratio of -6.00 and a beta of 1.13.

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.