Shares of Grid Metals Corp. (CVE:GRDM – Get Free Report) were up 17.9% during trading on Thursday . The stock traded as high as C$0.17 and last traded at C$0.17. Approximately 393,205 shares changed hands during trading, an increase of 121% from the average daily volume of 177,533 shares. The stock had previously closed at C$0.14.
Grid Metals Stock Up 10.7%
The company has a current ratio of 1.44, a quick ratio of 6.27 and a debt-to-equity ratio of 97.17. The business has a fifty day moving average of C$0.14 and a two-hundred day moving average of C$0.09. The company has a market cap of C$31.68 million, a price-to-earnings ratio of -15.50 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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