Grizzly Discoveries (CVE:GZD) Stock Price Down 12.5% – Here’s Why

Grizzly Discoveries Inc. (CVE:GZD)’s share price traded down 12.5% during mid-day trading on Thursday . The company traded as low as C$0.07 and last traded at C$0.07. 127,677 shares changed hands during trading, a decline of 10% from the average session volume of 142,248 shares. The stock had previously closed at C$0.08.

Grizzly Discoveries Stock Down 18.8%

The stock has a market cap of C$14.80 million, a P/E ratio of -6.48 and a beta of 0.11. The company has a quick ratio of 5.15, a current ratio of 7.10 and a debt-to-equity ratio of 2.33. The business has a 50-day simple moving average of C$0.04 and a 200-day simple moving average of C$0.03.

Grizzly Discoveries Company Profile

Grizzly Discoveries Inc engages in the acquisition, exploration, and development of precious and base metals properties Canada. The company primarily explores for gold, copper, silver, and cobalt deposits. It holds 100% interests in Greenwood Project covering approximately 180,000 contiguous acres in South-central British Columbia; and the Robocop property comprising of five mineral claims that covers an area of 5,864 acres located in southeastern British Columbia. The company also holds an interest at the Alberta diamond project consisting of two wholly owned claim blocks in the Buffalo Head Hills.