Grid Metals (CVE:GRDM) Trading Up 17.2% – Here’s Why

Grid Metals Corp. (CVE:GRDMGet Free Report)’s share price was up 17.2% during mid-day trading on Thursday . The company traded as high as C$0.19 and last traded at C$0.17. Approximately 834,700 shares traded hands during mid-day trading, an increase of 378% from the average daily volume of 174,469 shares. The stock had previously closed at C$0.15.

Grid Metals Trading Down 11.4%

The business’s fifty day simple moving average is C$0.14 and its 200 day simple moving average is C$0.08. 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 stock has a market cap of C$31.68 million, a P/E ratio of -15.50 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.

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