Grid Metals Corp. (OTCMKTS:MSMGF) Stock Short Interest Climbs 374.8%

Grid Metals Corp. (OTCMKTS:MSMGF – Get Free Report) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 110,204 shares, an increase of 374.8% from the August 31st total of 23,212 shares. Based on an average daily trading volume, of 157,963 shares, the days-to-cover ratio is currently 0.7 days.

Grid Metals Price Performance

Shares of MSMGF stock traded up $0.00 during trading hours on Friday, reaching $0.10. The company’s stock had a trading volume of 2,889 shares, compared to its average volume of 132,096. Grid Metals has a one year low of $0.06 and a one year high of $0.13. The firm’s fifty day simple moving average is $0.10 and its 200 day simple moving average is $0.09.

Grid Metals Company Profile

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Grid Metals Corp. is a Canadian mineral exploration and development company focused on battery and critical metals. The company’s activities are centered primarily in Manitoba, where it evaluates mineral properties containing lithium, nickel, copper, cobalt and platinum-group elements.

Grid Metals’ principal projects include the Donner Lake Lithium Project and the Makwa-Mayville property. Donner Lake is being advanced as a lithium exploration and development project, while Makwa-Mayville is prospective for nickel, copper, cobalt and platinum-group metals.

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