Grizzly Discoveries (CVE:GZD) Stock Price Down 16.7% – What’s Next?

Shares of Grizzly Discoveries Inc. (CVE:GZD) traded down 16.7% during trading on Thursday . The company traded as low as C$0.07 and last traded at C$0.07. 89,160 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 147,531 shares. The stock had previously closed at C$0.09.

Grizzly Discoveries Price Performance

The stock has a market capitalization of C$17.46 million, a P/E ratio of -6.48 and a beta of 0.89. The company has a current ratio of 3.13, a quick ratio of 5.15 and a debt-to-equity ratio of 2.23. The company has a fifty day simple moving average of C$0.07 and a two-hundred day simple moving average of C$0.05.

About Grizzly Discoveries

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.