Grid Metals (CVE:GRDM) Trading 20.7% Higher – Should You Buy?

Grid Metals Corp. (CVE:GRDMGet Free Report) shares traded up 20.7% during mid-day trading on Thursday . The company traded as high as C$0.19 and last traded at C$0.18. 871,700 shares traded hands during mid-day trading, an increase of 399% from the average session volume of 174,785 shares. The stock had previously closed at C$0.15.

Grid Metals Price Performance

The stock has a market cap of C$35.77 million, a PE ratio of -17.50 and a beta of 1.38. The stock’s fifty day moving average is C$0.13 and its 200-day moving average is C$0.08. The company has a debt-to-equity ratio of 97.17, a current ratio of 1.44 and a quick ratio of 6.27.

Grid Metals Company Profile

(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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