Grid Metals (CVE:GRDM) Trading 20.8% Higher – Still a Buy?

Grid Metals Corp. (CVE:GRDMGet Free Report)’s share price was up 20.8% on Thursday . The company traded as high as C$0.15 and last traded at C$0.15. Approximately 479,427 shares changed hands during trading, an increase of 183% from the average daily volume of 169,494 shares. The stock had previously closed at C$0.12.

Grid Metals Stock 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 stock’s 50-day simple moving average is C$0.13 and its two-hundred day simple moving average is C$0.08. The stock has a market cap of C$29.64 million, a price-to-earnings ratio of -14.50 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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