Grid Metals Corp. (CVE:GRDM – Get Free Report) shares rose 28.6% on Thursday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 643,500 shares changed hands during mid-day trading, an increase of 468% from the average daily volume of 113,385 shares. The stock had previously closed at C$0.04.
Grid Metals Price Performance
The business has a 50-day moving average price of C$0.04 and a 200 day moving average price of C$0.04. The company has a market cap of C$9.20 million, a price-to-earnings ratio of -1.13 and a beta of 2.28. The company has a current ratio of 1.44, a quick ratio of 6.27 and a debt-to-equity ratio of 97.17.
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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