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

Grid Metals Corp. (CVE:GRDMGet Free Report)’s share price rose 44.4% during mid-day trading on Saturday . The stock traded as high as C$0.08 and last traded at C$0.07. Approximately 1,487,813 shares were traded during 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 Trading Up 44.4%

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. The company’s 50-day moving average is C$0.04 and its 200-day moving average is C$0.04. The company has a quick ratio of 6.27, a current ratio of 1.44 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.

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