Grid Metals (CVE:GRDM) Trading Up 20.8% – Time to Buy?

Grid Metals Corp. (CVE:GRDMGet Free Report) shares shot up 20.8% during trading on Thursday . The company traded as high as C$0.15 and last traded at C$0.15. 567,427 shares were traded during trading, an increase of 233% from the average session volume of 170,547 shares. The stock had previously closed at C$0.12.

Grid Metals Trading Up 20.8%

The company has a debt-to-equity ratio of 97.17, a current ratio of 1.44 and a quick ratio of 6.27. The stock has a market cap of C$29.64 million, a P/E ratio of -14.50 and a beta of 1.38. The firm’s fifty day moving average price is C$0.13 and its two-hundred day moving average price is C$0.08.

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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