Grid Metals Corp. (CVE:GRDM – Get Free Report) shot up 33.3% during mid-day trading on Wednesday . The stock traded as high as C$0.04 and last traded at C$0.04. 522,900 shares traded hands during mid-day trading, an increase of 139% from the average session volume of 219,003 shares. The stock had previously closed at C$0.03.
Grid Metals Stock Performance
The company has a current ratio of 1.44, a quick ratio of 6.27 and a debt-to-equity ratio of 97.17. The company’s 50-day simple moving average is C$0.04 and its 200-day simple moving average is C$0.04. The stock has a market capitalization of C$8.18 million, a price-to-earnings ratio of -1.00 and a beta of 2.28.
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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