Grizzly Discoveries (CVE:GZD) Trading 33.3% Higher – Here’s Why

Grizzly Discoveries Inc. (CVE:GZD) traded up 33.3% during mid-day trading on Tuesday . The company traded as high as C$0.07 and last traded at C$0.06. 451,997 shares changed hands during trading, an increase of 252% from the average session volume of 128,272 shares. The stock had previously closed at C$0.05.

Grizzly Discoveries Stock Performance

The stock’s 50-day moving average is C$0.04 and its 200-day moving average is C$0.03. The stock has a market cap of C$11.38 million, a price-to-earnings ratio of -6.48 and a beta of 0.07. The company has a debt-to-equity ratio of 2.33, a current ratio of 7.10 and a quick ratio of 5.15.

Grizzly Discoveries Company Profile

Grizzly Discoveries Inc engages in the acquisition, exploration, and development of precious and base metals properties Canada. The company primarily explores for gold, copper, silver, and cobalt deposits. It holds 100% interests in Greenwood Project covering approximately 180,000 contiguous acres in South-central British Columbia; and the Robocop property comprising of five mineral claims that covers an area of 5,864 acres located in southeastern British Columbia. The company also holds an interest at the Alberta diamond project consisting of two wholly owned claim blocks in the Buffalo Head Hills.