Grid Metals (CVE:GRDM) Stock Price Up 26.3% – Still a Buy?

Shares of Grid Metals Corp. (CVE:GRDMGet Free Report) rose 26.3% during mid-day trading on Tuesday . The stock traded as high as C$0.12 and last traded at C$0.12. Approximately 808,459 shares changed hands during trading, an increase of 442% from the average daily volume of 149,161 shares. The stock had previously closed at C$0.10.

Grid Metals Stock Up 26.3%

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 company has a market cap of C$27.99 million, a P/E ratio of -6.00 and a beta of 0.58. The stock has a 50 day moving average price of C$0.11 and a 200 day moving average price of C$0.12.

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. Its properties also include the Makwa Mayville Ni-Cu-PGM-Co property located to northeast of Winnipeg, Manitoba; Donner Lake Lithium property located in southeastern Manitoba; and the Campus Creek Lithium property located in northwestern Ontario.

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