Grid Metals Corp. (CVE:GRDM – Get Free Report) traded up 5.9% during mid-day trading on Wednesday. The company traded as high as C$0.18 and last traded at C$0.18. Approximately 106,500 shares were traded during trading, a decline of 38% from the average session volume of 170,753 shares. The stock had previously closed at C$0.17.
Grid Metals Price Performance
The company has a debt-to-equity ratio of 97.17, a current ratio of 1.44 and a quick ratio of 6.27. The company’s 50-day moving average price is C$0.14 and its 200-day moving average price is C$0.13. The company has a market cap of C$43.11 million, a P/E ratio of -9.25 and a beta of -0.06.
Grid Metals Company Profile
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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