Grizzly Discoveries (CVE:GZD) Shares Down 12.5% – Time to Sell?

Grizzly Discoveries Inc. (CVE:GZDGet Free Report)’s share price dropped 12.5% on Thursday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 127,677 shares traded hands during mid-day trading, a decline of 10% from the average daily volume of 142,248 shares. The stock had previously closed at C$0.08.

Grizzly Discoveries Stock Performance

The company has a debt-to-equity ratio of 2.33, a current ratio of 7.10 and a quick ratio of 5.15. The firm has a market cap of C$17.07 million, a price-to-earnings ratio of -6.48 and a beta of 0.11. The company has a fifty day moving average price of C$0.04 and a two-hundred day moving average price of C$0.03.

About Grizzly Discoveries

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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.

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