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

Grizzly Discoveries Inc. (CVE:GZD) shares rose 16.7% on Thursday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 101,000 shares changed hands during trading, a decline of 3% from the average daily volume of 104,253 shares. The stock had previously closed at C$0.03.

Grizzly Discoveries Stock Performance

The firm’s fifty day simple moving average is C$0.03 and its 200 day simple moving average is C$0.03. The stock has a market capitalization of C$7.23 million, a P/E ratio of -6.48 and a beta of -0.51.

About Grizzly Discoveries

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.