Granada Gold Mine (CVE:GGM) Trading Up 25% – Should You Buy?

Granada Gold Mine Inc. (CVE:GGM)’s share price rose 25% during mid-day trading on Friday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 416,575 shares changed hands during trading, an increase of 31% from the average daily volume of 317,981 shares. The stock had previously closed at C$0.04.

Granada Gold Mine Trading Up 25.0%

The company’s 50 day moving average is C$0.06 and its 200-day moving average is C$0.05. The stock has a market cap of C$11.36 million, a PE ratio of -4.17 and a beta of 2.77.

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.