Grid Metals Corp. (CVE:GRDM – Get Free Report) rose 44.4% on Saturday . The company traded as high as C$0.08 and last traded at C$0.07. Approximately 1,487,813 shares changed hands during mid-day trading, an increase of 1,084% from the average daily volume of 125,656 shares. The stock had previously closed at C$0.05.
Grid Metals Stock Performance
The company has a market capitalization of C$13.29 million, a PE ratio of -1.63 and a beta of 2.28. The business’s fifty day moving average is C$0.04 and its two-hundred day moving average is C$0.04. The company has a current ratio of 1.44, a quick ratio of 6.27 and a debt-to-equity ratio of 97.17.
About Grid Metals
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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