Granada Gold Mine (CVE:GGM) Stock Price Up 40% – Here’s What Happened

Granada Gold Mine Inc. (CVE:GGM) shares were up 40% during mid-day trading on Monday . The stock traded as high as C$0.12 and last traded at C$0.11. Approximately 2,307,076 shares were traded during mid-day trading, an increase of 681% from the average daily volume of 295,383 shares. The stock had previously closed at C$0.08.

Granada Gold Mine Stock Up 10.5%

The company’s 50-day moving average is C$0.05 and its 200 day moving average is C$0.04. The company has a market cap of C$17.34 million, a price-to-earnings ratio of -10.50 and a beta of 3.62.

About Granada Gold Mine

Granada Gold Mine Inc, a junior mining and exploration company, acquires, explores for, and develops mineral properties in Canada. It explores for gold deposits. The company holds a 100% interest in the Granada gold property, which owns 14.73 square kilometers of land in a combination of mining leases and claims located in Rouyn-Noranda, Quebec. The company was formerly known as Gold Bullion Development Corp. and changed its name to Granada Gold Mine Inc in January 2017. The company was incorporated in 1985 and is headquartered in Coquitlam, Canada.