Grizzly Discoveries (CVE:GZD) Shares Down 20% – Should You Sell?

Grizzly Discoveries Inc. (CVE:GZD)’s stock price traded down 20% during mid-day trading on Monday . The company traded as low as C$0.06 and last traded at C$0.06. 284,822 shares traded hands during mid-day trading, an increase of 99% from the average session volume of 143,321 shares. The stock had previously closed at C$0.07.

Grizzly Discoveries Stock Up 9.1%

The company has a debt-to-equity ratio of 2.23, a quick ratio of 5.15 and a current ratio of 3.13. The firm has a market capitalization of C$13.97 million, a PE ratio of -6.48 and a beta of 0.92. The company has a fifty day moving average price of C$0.07 and a 200-day moving average price of C$0.06.

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.