Grid Metals (CVE:GRDM) Trading Up 20.7% – Still a Buy?

Grid Metals Corp. (CVE:GRDMGet Free Report) shares rose 20.7% during trading on Friday . The company traded as high as C$0.19 and last traded at C$0.18. Approximately 879,200 shares changed hands during trading, an increase of 403% from the average daily volume of 174,835 shares. The stock had previously closed at C$0.15.

Grid Metals Trading Down 11.4%

The firm has a market cap of C$31.68 million, a PE ratio of -15.50 and a beta of 1.38. The firm has a fifty day simple moving average of C$0.14 and a two-hundred day simple moving average of C$0.08. 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

(Get Free Report)

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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