Grid Metals Corp. (CVE:GRDM – Get Free Report) shares were up 20.7% on Thursday . The stock traded as high as C$0.19 and last traded at C$0.18. Approximately 879,200 shares changed 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 Trading Down 11.4%
The firm has a market cap of C$31.68 million, a P/E ratio of -15.50 and a beta of 1.38. The company has a current ratio of 1.44, a quick ratio of 6.27 and a debt-to-equity ratio of 97.17. The company’s fifty day moving average price is C$0.14 and its two-hundred day moving average price is C$0.08.
About Grid Metals
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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