Grid Metals (CVE:GRDM) Shares Up 20.8% – Still a Buy?

Shares of Grid Metals Corp. (CVE:GRDMGet Free Report) shot up 20.8% during trading on Thursday . The company traded as high as C$0.15 and last traded at C$0.15. 566,927 shares changed hands during trading, an increase of 232% from the average session volume of 170,505 shares. The stock had previously closed at C$0.12.

Grid Metals Trading Down 3.4%

The company has a 50 day moving average of C$0.13 and a 200-day moving average of C$0.08. The stock has a market cap of C$28.62 million, a price-to-earnings ratio of -14.00 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.

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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