Grid Metals (CVE:GRDM) Trading Up 13.6% – Time to Buy?

Grid Metals Corp. (CVE:GRDM)’s stock price was up 13.6% during mid-day trading on Tuesday . The company traded as high as C$0.14 and last traded at C$0.13. Approximately 159,525 shares changed hands during trading, a decline of 11% from the average daily volume of 178,535 shares. The stock had previously closed at C$0.11.

Grid Metals Stock Up 8.0%

The stock has a 50 day simple moving average of C$0.12 and a 200-day simple moving average of C$0.13. The firm has a market cap of C$31.49 million, a PE ratio of -13.50 and a beta of 0.68. The company has a debt-to-equity ratio of 97.17, a current ratio of 1.44 and a quick ratio of 6.27.

About Grid Metals

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.