Grid Metals Corp. (CVE:GRDM – Get Free Report) shares shot up 20.7% on Friday . The company traded as high as C$0.19 and last traded at C$0.18. 879,200 shares changed hands during mid-day trading, an increase of 403% from the average session volume of 174,835 shares. The stock had previously closed at C$0.15.
Grid Metals Stock Up 20.7%
The firm has a market cap of C$35.77 million, a price-to-earnings ratio of -17.50 and a beta of 1.38. The firm has a fifty day simple moving average of C$0.14 and a 200-day simple moving average of C$0.08. The company has a debt-to-equity ratio of 97.17, a quick ratio of 6.27 and a current ratio of 1.44.
Grid Metals Company Profile
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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