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

Grid Metals Corp. (CVE:GRDMGet Free Report) shares shot up 20.7% during trading on Friday . The company traded as high as C$0.19 and last traded at C$0.18. 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 Trading Up 20.7%

The company has a 50 day simple moving average of C$0.14 and a two-hundred day simple moving average of C$0.08. The company has a debt-to-equity ratio of 97.17, a quick ratio of 6.27 and a current ratio of 1.44. The firm has a market cap of C$35.77 million, a PE ratio of -17.50 and a beta of 1.38.

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.

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