Grid Metals Corp. (CVE:GRDM – Get Free Report) shares were up 5.9% on Wednesday. The company traded as high as C$0.18 and last traded at C$0.18. Approximately 106,500 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 170,753 shares. The stock had previously closed at C$0.17.
Grid Metals Stock Performance
The firm has a market cap of C$50.10 million, a P/E ratio of -10.75 and a beta of -0.06. 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 moving average is C$0.15 and its two-hundred day moving average is C$0.13.
Grid Metals Company Profile
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. Its properties also include the Makwa Mayville Ni-Cu-PGM-Co property located to northeast of Winnipeg, Manitoba; Donner Lake Lithium property located in southeastern Manitoba; and the Campus Creek Lithium property located in northwestern Ontario.
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