Grid Metals (CVE:GRDM) Trading Up 20.8% – Time to Buy?

Grid Metals Corp. (CVE:GRDMGet Free Report)’s share price shot up 20.8% during trading on Friday . The stock traded as high as C$0.15 and last traded at C$0.15. 567,427 shares changed hands during trading, an increase of 233% from the average session volume of 170,547 shares. The stock had previously closed at C$0.12.

Grid Metals Stock Up 3.4%

The business has a 50-day simple moving average of C$0.13 and a two-hundred day simple moving average of C$0.08. The company has a market cap of C$30.66 million, a price-to-earnings ratio of -15.00 and a beta of 1.38. The company has a quick ratio of 6.27, a current ratio of 1.44 and a debt-to-equity ratio of 97.17.

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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