Grid Metals Corp. (CVE:GRDM – Get Free Report)’s share price dropped 23.5% during mid-day trading on Friday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 434,550 shares traded hands during trading, an increase of 210% from the average daily volume of 140,070 shares. The stock had previously closed at C$0.09.
Grid Metals Stock Down 23.5%
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 debt-to-equity ratio of 97.17, a quick ratio of 6.27 and a current ratio of 1.44. The firm’s fifty day moving average is C$0.04 and its 200-day moving average is C$0.04.
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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