Grid Metals (CVE:GRDM) Shares Up 20.7% – Here’s What Happened

Grid Metals Corp. (CVE:GRDMGet Free Report) traded up 20.7% during trading on Thursday . The company traded as high as C$0.19 and last traded at C$0.18. Approximately 879,200 shares were traded during trading, an increase of 403% from the average session volume of 174,835 shares. The stock had previously closed at C$0.15.

Grid Metals Price Performance

The company has a current ratio of 1.44, a quick ratio of 6.27 and a debt-to-equity ratio of 97.17. The company has a fifty day moving average price of C$0.13 and a two-hundred day moving average price of C$0.08. The firm has a market cap of C$35.77 million, a P/E ratio of -17.50 and a beta of 1.38.

Grid Metals Company Profile

(Get Free Report)

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.

Further Reading

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