Grid Metals (CVE:GRDM) Trading Down 3.2%

Shares of Grid Metals Corp. (CVE:GRDM – Get Rating) were down 3.2% during mid-day trading on Wednesday . The company traded as low as C$0.15 and last traded at C$0.15. Approximately 69,500 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 134,110 shares. The stock had previously closed at C$0.16.

Grid Metals Trading Down 3.2 %

The company has a debt-to-equity ratio of 0.69, a current ratio of 6.30 and a quick ratio of 6.27. The stock has a market capitalization of C$24.80 million, a P/E ratio of 17.50 and a beta of 2.01. The firm’s 50 day moving average price is C$0.19 and its 200 day moving average price is C$0.17.

Grid Metals Company Profile

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Grid Metals Corp. engages in exploring and developing base and precious metal mineral properties in Canada. It explores for nickel, copper, cobalt, lithium and rare metals, and platinum group metals. The company primarily focuses on the East Bull Lake Palladium Property located in Ontario. Its properties also include the Makwa-Mayville Nickel Copper PGM Cobalt Project in Manitoba; and the Bannockburn Nickel Project located in the Sudbury Mining Division, Ontario.