Grid Metals (CVE:GRDM) Shares Up 8.3% – Still a Buy?

Grid Metals Corp. (CVE:GRDMGet Free Report)’s stock price was up 8.3% during mid-day trading on Thursday . The company traded as high as C$0.13 and last traded at C$0.13. Approximately 231,761 shares changed hands during trading, an increase of 38% from the average daily volume of 168,322 shares. The stock had previously closed at C$0.12.

Grid Metals Price Performance

The company’s 50-day moving average price is C$0.13 and its 200-day moving average price is C$0.08. The company has a quick ratio of 6.27, a current ratio of 1.44 and a debt-to-equity ratio of 97.17. The firm has a market cap of C$28.62 million, a price-to-earnings ratio of -14.00 and a beta of 1.38.

About Grid Metals

(Get Free Report)

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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