Grid Metals (CVE:GRDM) Stock Price Up 44.4% – Here’s Why

Grid Metals Corp. (CVE:GRDMGet 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

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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.

Further Reading

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