Grid Metals (CVE:GRDM) Trading 20.7% Higher – Still a Buy?

Grid Metals Corp. (CVE:GRDMGet Free Report)’s stock price rose 20.7% during mid-day trading on Thursday . The stock traded as high as C$0.19 and last traded at C$0.18. Approximately 879,200 shares were traded during mid-day trading, an increase of 403% from the average daily volume of 174,835 shares. The stock had previously closed at C$0.15.

Grid Metals Stock Up 20.7%

The stock has a market cap of C$35.77 million, a price-to-earnings ratio of -17.50 and a beta of 1.38. The stock has a 50 day simple moving average of C$0.13 and a 200 day simple moving average of C$0.08. 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.

See Also

Receive News & Ratings for Grid Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grid Metals and related companies with MarketBeat.com's FREE daily email newsletter.