Grizzly Discoveries (CVE:GZD) Shares Up 16.7% – Still a Buy?

Shares of Grizzly Discoveries Inc. (CVE:GZD) shot up 16.7% during mid-day trading on Wednesday . The stock traded as high as C$0.04 and last traded at C$0.04. 101,000 shares changed hands during trading, a decline of 3% from the average session volume of 104,253 shares. The stock had previously closed at C$0.03.

Grizzly Discoveries Trading Up 16.7%

The company has a market capitalization of C$7.23 million, a price-to-earnings ratio of -6.48 and a beta of -0.51. The stock has a 50-day simple moving average of C$0.03 and a 200-day simple moving average of C$0.03.

Grizzly Discoveries Company Profile

Grizzly Discoveries Inc engages in the acquisition, exploration, and development of precious and base metals properties Canada. The company primarily explores for gold, copper, silver, and cobalt deposits. It holds 100% interests in Greenwood Project covering approximately 180,000 contiguous acres in South-central British Columbia; and the Robocop property comprising of five mineral claims that covers an area of 5,864 acres located in southeastern British Columbia. The company also holds an interest at the Alberta diamond project consisting of two wholly owned claim blocks in the Buffalo Head Hills.