Shares of Grid Metals Corp. (CVE:GRDM – Get Free Report) fell 23.5% on Friday . The stock traded as low as C$0.07 and last traded at C$0.07. 434,550 shares traded hands during trading, an increase of 210% from the average session volume of 140,070 shares. The stock had previously closed at C$0.09.
Grid Metals Trading Down 23.5%
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 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 has a 50 day moving average price of C$0.04 and a two-hundred day moving average price of C$0.04.
Grid Metals Company Profile
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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