Grid Metals (CVE:GRDM) Trading 44.4% Higher – Should You Buy?

Grid Metals Corp. (CVE:GRDMGet Free Report) shares traded up 44.4% during trading on Saturday . The stock traded as high as C$0.08 and last traded at C$0.07. 1,487,813 shares traded hands 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 fifty day moving average price is C$0.04 and its 200 day moving average price is C$0.04. The company has a market capitalization of C$13.29 million, a P/E ratio of -1.63 and a beta of 2.28. The company has a quick ratio of 6.27, a current ratio of 1.44 and a debt-to-equity ratio of 97.17.

Grid Metals Company Profile

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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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