Grid Metals Corp. (CVE:GRDM – Get Free Report) was up 16.7% during mid-day trading on Thursday . The company traded as high as C$0.15 and last traded at C$0.14. Approximately 516,927 shares traded hands during trading, an increase of 204% from the average daily volume of 170,210 shares. The stock had previously closed at C$0.12.
Grid Metals Stock Performance
The company has a debt-to-equity ratio of 97.17, a quick ratio of 6.27 and a current ratio of 1.44. The firm has a market capitalization of C$28.62 million, a PE ratio of -14.00 and a beta of 1.38. The firm’s 50 day moving average price is C$0.13 and its 200-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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