Grid Metals (CVE:GRDM) Stock Price Up 20.7% – What’s Next?

Grid Metals Corp. (CVE:GRDMGet Free Report) shares were up 20.7% during mid-day trading on Thursday . The company traded as high as C$0.19 and last traded at C$0.18. Approximately 879,200 shares traded hands during mid-day trading, an increase of 403% from the average daily volume of 174,835 shares. The stock had previously closed at C$0.15.

Grid Metals Stock Up 20.7%

The firm has a 50-day simple moving average of C$0.14 and a 200 day simple moving average of C$0.08. The stock has a market capitalization of C$35.77 million, a P/E ratio of -17.50 and a beta of 1.38. The company has a debt-to-equity ratio of 97.17, a current ratio of 1.44 and a quick ratio of 6.27.

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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