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

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

Grid Metals Stock Performance

The stock has a market cap of C$35.77 million, a price-to-earnings ratio of -17.50 and a beta of 1.38. The company’s 50-day simple moving average is C$0.13 and its 200-day simple moving average is C$0.08. The company has a quick ratio of 6.27, a current ratio of 1.44 and a debt-to-equity ratio of 97.17.

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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