Shares of Grid Metals Corp. (CVE:GRDM – Get Free Report) shot up 16.7% on Thursday . The company traded as high as C$0.15 and last traded at C$0.14. 516,927 shares changed hands during trading, an increase of 204% from the average session volume of 170,210 shares. The stock had previously closed at C$0.12.
Grid Metals Stock Up 20.8%
The business’s 50 day simple moving average is C$0.13 and its 200-day simple moving average is 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 company has a market cap of C$29.64 million, a price-to-earnings ratio of -14.50 and a beta of 1.38.
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.
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