Granada Gold Mine (CVE:GGM) Stock Price Up 40% – What’s Next?

Shares of Granada Gold Mine Inc. (CVE:GGMGet Free Report) rose 40% during trading on Tuesday . The company traded as high as C$0.12 and last traded at C$0.11. Approximately 3,069,375 shares changed hands during mid-day trading, an increase of 684% from the average daily volume of 391,455 shares. The stock had previously closed at C$0.08.

Granada Gold Mine Price Performance

The company has a market capitalization of C$17.34 million, a P/E ratio of -10.50 and a beta of 3.62. The business’s 50-day moving average price is C$0.05 and its two-hundred day moving average price is C$0.04.

Granada Gold Mine Company Profile

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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.

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