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Garibaldi Resources shares surged 26.3% on Thursday on heavy trading volume, though the cause remains unclear.
Garibaldi Resources (CVE:GGI) shares jumped 26.3% on Thursday, reaching a high of C$0.12 and closing at that level, driven by a surge in trading volume to 124,450 shares—112% above average.
The exploration-stage company, focused on nickel, copper, and precious metals in Canada and Mexico, owns the E&L Nickel Mountain Project in British Columbia.
With a market cap of C$18.24 million and a low beta of 0.17, the stock remains below its 50-day moving average but above its 200-day average.
The specific reason for the price rise is not confirmed.
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Las acciones de Garibaldi Resources subieron un 26,3% el jueves debido al alto volumen de operaciones, aunque la causa sigue sin estar clara.