Grid Metals (CVE:GRDM) Stock Price Down 16.7% – Time to Sell?

Grid Metals Corp. (CVE:GRDMGet Free Report)’s stock price fell 16.7% during trading on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.10. 318,908 shares changed hands during mid-day trading, an increase of 88% from the average session volume of 169,674 shares. The stock had previously closed at C$0.12.

Grid Metals Stock Performance

The company has a quick ratio of 6.27, a current ratio of 1.44 and a debt-to-equity ratio of 97.17. The company has a 50 day moving average of C$0.12 and a 200 day moving average of C$0.08. The firm has a market cap of C$21.46 million, a price-to-earnings ratio of -10.50 and a beta of 1.38.

Grid Metals Company Profile

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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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