Grid Metals Corp. (CVE:GRDM – Get Free Report) shares were down 13.6% on Thursday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 230,759 shares were traded during trading, an increase of 42% from the average daily volume of 162,070 shares. The stock had previously closed at C$0.11.
Grid Metals Trading Down 13.6%
The firm has a market cap of C$22.16 million, a price-to-earnings ratio of -4.75 and a beta of 0.51. The business has a 50 day moving average of C$0.12 and a 200 day moving average of C$0.13. The company has a quick ratio of 6.27, a current ratio of 1.44 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. Its properties also include the Makwa Mayville Ni-Cu-PGM-Co property located to northeast of Winnipeg, Manitoba; Donner Lake Lithium property located in southeastern Manitoba; and the Campus Creek Lithium property located in northwestern Ontario.
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