Grid Metals (CVE:GRDM) Reaches New 12-Month High – Here’s What Happened

Grid Metals Corp. (CVE:GRDM – Get Free Report)’s share price reached a new 52-week high during trading on Wednesday. The stock traded as high as C$0.18 and last traded at C$0.18, with a volume of 1639820 shares traded. The stock had previously closed at C$0.15.

Grid Metals Stock Performance

The stock has a market capitalization of C$41.95 million, a price-to-earnings ratio of -9.00 and a beta of 0.38. The stock’s 50 day moving average is C$0.14 and its 200 day moving average is C$0.12. 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

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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.

Further Reading

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