Grid Metals Corp. (CVE:GRDM – Get Free Report)’s share price dropped 12.5% during trading on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.11. Approximately 115,608 shares were traded during trading, a decline of 31% from the average daily volume of 168,428 shares. The stock had previously closed at C$0.12.
Grid Metals Price Performance
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 firm has a market cap of C$22.48 million, a P/E ratio of -11.00 and a beta of 1.38. The company has a 50-day moving average of C$0.12 and a 200 day moving average of C$0.08.
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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