Grid Metals Corp. (CVE:GRDM – Get Free Report) shot up 17.2% on Thursday . The stock traded as high as C$0.19 and last traded at C$0.17. 834,700 shares traded hands during mid-day trading, an increase of 378% from the average session volume of 174,469 shares. The stock had previously closed at C$0.15.
Grid Metals Stock Up 17.2%
The stock has a fifty day moving average price of C$0.13 and a 200-day moving average price of C$0.08. The firm has a market cap of C$34.75 million, a PE ratio of -17.00 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.
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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