Granada Gold Mine (CVE:GGM) Stock Jumps 20% – What’s Next?

Granada Gold Mine Inc. (CVE:GGM)’s stock price traded up 20% during mid-day trading on Monday. The company traded as high as C$0.03 and last traded at C$0.03. Approximately 267,091 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 315,287 shares. The stock had previously closed at C$0.03.

Granada Gold Mine Stock Performance

The company’s fifty day moving average is C$0.03 and its 200-day moving average is C$0.04. The firm has a market capitalization of C$6.82 million, a P/E ratio of -2.50 and a beta of 1.66.

Granada Gold Mine Company Profile

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.