Shares of Grid Metals Corp. (CVE:GRDM – Get Free Report) dropped 10% on Tuesday . The company traded as low as C$0.14 and last traded at C$0.14. Approximately 400,404 shares were traded during trading, an increase of 126% from the average daily volume of 177,502 shares. The stock had previously closed at C$0.15.
Grid Metals Stock Performance
The company has a quick ratio of 6.27, a current ratio of 1.44 and a debt-to-equity ratio of 97.17. The company’s 50 day moving average price is C$0.14 and its two-hundred day moving average price is C$0.09. The firm has a market cap of C$28.62 million, a PE ratio of -14.00 and a beta of 1.38.
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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