Grid Metals (CVE:GRDM) Shares Up 17.2% – Here’s Why

Grid Metals Corp. (CVE:GRDMGet Free Report)’s stock price traded up 17.2% during trading on Thursday . The stock traded as high as C$0.19 and last traded at C$0.17. 838,200 shares changed hands during trading, an increase of 380% from the average session volume of 174,612 shares. The stock had previously closed at C$0.15.

Grid Metals Stock Performance

The company has a market capitalization of C$33.73 million, a PE ratio of -16.50 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. The stock’s fifty day simple moving average is C$0.13 and its 200-day simple moving average is C$0.08.

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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