Grizzly Discoveries (CVE:GZD) Shares Up 16.7% – Here’s Why

Grizzly Discoveries Inc. (CVE:GZD)’s share price shot up 16.7% on Tuesday . The stock traded as high as C$0.04 and last traded at C$0.04. 655,734 shares changed hands during mid-day trading, an increase of 467% from the average session volume of 115,634 shares. The stock had previously closed at C$0.03.

Grizzly Discoveries Stock Up 16.7%

The company has a market capitalization of C$7.77 million, a PE ratio of -6.48 and a beta of 0.07. The company has a quick ratio of 5.15, a current ratio of 1.03 and a debt-to-equity ratio of 2.51. The firm has a 50-day moving average of C$0.03 and a two-hundred day moving average of C$0.03.

Grizzly Discoveries Company Profile

Grizzly Discoveries Inc engages in the acquisition, exploration, and development of precious and base metals properties Canada. The company primarily explores for gold, copper, silver, and cobalt deposits. It holds 100% interests in Greenwood Project covering approximately 180,000 contiguous acres in South-central British Columbia; and the Robocop property comprising of five mineral claims that covers an area of 5,864 acres located in southeastern British Columbia. The company also holds an interest at the Alberta diamond project consisting of two wholly owned claim blocks in the Buffalo Head Hills.