Granada Gold Mine (CVE:GGM) Sets New 52-Week High – What’s Next?

Granada Gold Mine Inc. (CVE:GGM)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as C$0.11 and last traded at C$0.11, with a volume of 266165 shares. The stock had previously closed at C$0.10.

Granada Gold Mine Trading Up 10.5%

The company has a 50-day moving average of C$0.05 and a 200-day moving average of C$0.04. The firm has a market capitalization of C$17.34 million, a P/E ratio of -10.50 and a beta of 3.62.

Granada Gold Mine Company Profile

Granada Gold Mine Inc, a junior mining and exploration company, acquires, explores for, and develops mineral properties in Canada. It explores for gold deposits. The company holds a 100% interest in the Granada gold property, which owns 14.73 square kilometers of land in a combination of mining leases and claims located in Rouyn-Noranda, Quebec. The company was formerly known as Gold Bullion Development Corp. and changed its name to Granada Gold Mine Inc in January 2017. The company was incorporated in 1985 and is headquartered in Coquitlam, Canada.