Granada Gold Mine (CVE:GGM) Trading 25% Higher – Here’s What Happened

Granada Gold Mine Inc. (CVE:GGM)’s share price traded up 25% during mid-day trading on Wednesday . The stock traded as high as C$0.05 and last traded at C$0.05. 479,761 shares were traded during trading, an increase of 128% from the average session volume of 210,459 shares. The stock had previously closed at C$0.04.

Granada Gold Mine Stock Performance

The business has a fifty day simple moving average of C$0.05 and a 200 day simple moving average of C$0.04. The stock has a market cap of C$8.26 million, a price-to-earnings ratio of -5.00 and a beta of 3.78.

Granada Gold Mine Company Profile

Granada Gold Mine Inc, a junior mining and exploration company, acquires, explores for, and develops mineral properties in Canada. It explores for gold deposits. The company holds a 100% interest in the Granada gold property, which owns 14.73 square kilometers of land in a combination of mining leases and claims located in Rouyn-Noranda, Quebec. The company was formerly known as Gold Bullion Development Corp. and changed its name to Granada Gold Mine Inc in January 2017. The company was incorporated in 1985 and is headquartered in Coquitlam, Canada.