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

Grid Metals Corp. (CVE:GRDMGet Free Report)’s stock price rose 20.7% during trading on Thursday . The company traded as high as C$0.19 and last traded at C$0.18. Approximately 879,200 shares traded hands during mid-day trading, an increase of 403% from the average daily volume of 174,835 shares. The stock had previously closed at C$0.15.

Grid Metals Trading Down 11.4%

The stock has a market cap of C$31.68 million, a P/E ratio of -15.50 and a beta of 1.38. The company has a debt-to-equity ratio of 97.17, a quick ratio of 6.27 and a current ratio of 1.44. The stock’s fifty day moving average is C$0.14 and its 200 day moving average is C$0.08.

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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