GIGA METALS

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Now that the excitement has fallen back on the TESLA news … Lets forget about TESLA for a min .. as a battery mineral company.. what are your thoughts and can you do a deep dive on this company for me? Thanks Guys!

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Asked on September 17, 2020 5:21 am
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Hey there.

It's pretty hard to take a deep dive on this company, they really don't have much to look at. Right now, this is an investment based almost purely on speculation.

Just two months ago this company was a nano-cap company with zero revenue. The only reason their stock price soared is because of Elon Musk's comments and a potential deal with the company to mine nickel.

That's kind of all it is right now, potential. An investment in Giga could pay off exponentially. But, I'd venture to say there is an equal chance that investors who bought at these peaks will be left holding the bag as well.

In fact, the company had to come right out and respond to the massive surge in share price, stating that there has been no material change in business operations.

If you're looking to take a position, I can't stress enough that it would be with money you would have absolutely no problem losing. This stock is brutally volatile, with a beta of 3.5, suggesting it moves 3.5x more than the overall markets. Even this morning it's down over 20% in the first couple minutes of trading.

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Posted by Dan Kent
Answered on September 18, 2020 7:47 am
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Hey there! Our screener won't work correctly with micro caps. So you won't get the full out report and grade etc. However give us some time and we'll get back to you on the company!

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Posted by Dan Kent
Answered on September 17, 2020 8:11 am