Shares of Grid Metals Corp. (CVE:GRDM – Get Free Report) shot up 44.4% during mid-day trading on Saturday . The stock traded as high as C$0.08 and last traded at C$0.07. 1,487,813 shares were traded during trading, an increase of 1,084% from the average session volume of 125,656 shares. The stock had previously closed at C$0.05.
Grid Metals Price Performance
The company’s 50-day simple moving average is C$0.04 and its 200-day simple moving average is C$0.04. The company has a debt-to-equity ratio of 97.17, a current ratio of 1.44 and a quick ratio of 6.27. The stock has a market capitalization of C$13.29 million, a price-to-earnings ratio of -1.63 and a beta of 2.28.
Grid Metals Company Profile
Grid Metals Corp. engages in the exploring and developing base and precious metal mineral properties in Canada. It explores for nickel, copper, cobalt, lithium, and platinum group metals. The company primarily focuses on the East Bull Lake Palladium property that consists of unpatented mining claims located in Ontario.
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