Granada Gold Mine (CVE:GGM) Stock Price Up 25% – Here’s Why

Granada Gold Mine Inc. (CVE:GGM)’s share price shot up 25% during mid-day trading on Thursday . The company traded as high as C$0.05 and last traded at C$0.05. 561,761 shares traded hands during mid-day trading, an increase of 166% from the average session volume of 210,848 shares. The stock had previously closed at C$0.04.

Granada Gold Mine Stock Performance

The firm has a market capitalization of C$8.26 million, a price-to-earnings ratio of -5.00 and a beta of 3.78. The business’s 50-day moving average is C$0.05 and its two-hundred day moving average is C$0.04.

Granada Gold Mine Company Profile

Granada Gold Mine Inc, a junior mining and exploration company, acquires, explores for, and develops mineral properties in Canada. It explores for gold deposits. The company holds a 100% interest in the Granada gold property, which owns 14.73 square kilometers of land in a combination of mining leases and claims located in Rouyn-Noranda, Quebec. The company was formerly known as Gold Bullion Development Corp. and changed its name to Granada Gold Mine Inc in January 2017. The company was incorporated in 1985 and is headquartered in Coquitlam, Canada.