Grid Metals (CVE:GRDM) PT Set at C$0.42 by Fundamental Research

Grid Metals (CVE:GRDM) received a C$0.42 price target from research analysts at Fundamental Research in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock.

Grid Metals Stock Performance

CVE GRDM remained flat at C$0.04 on Wednesday. 264,545 shares of the company were exchanged, compared to its average volume of 221,530. The stock has a market capitalization of C$7.15 million, a price-to-earnings ratio of -0.88 and a beta of 2.28. Grid Metals has a twelve month low of C$0.03 and a twelve month high of C$0.09. The company’s 50 day moving average price is C$0.04 and its 200-day moving average price is C$0.04. The company has a debt-to-equity ratio of 97.17, a quick ratio of 6.27 and a current ratio of 1.44.

Grid Metals Company Profile

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.