Grid Metals Corp. (CVE:GRDM – Get Free Report) rose 20.8% during trading on Friday . The stock traded as high as C$0.15 and last traded at C$0.15. Approximately 567,427 shares changed hands during trading, an increase of 233% from the average daily volume of 170,547 shares. The stock had previously closed at C$0.12.
Grid Metals Stock Performance
The stock’s 50 day moving average price is C$0.13 and its two-hundred day moving average price is C$0.08. The company has a current ratio of 1.44, a quick ratio of 6.27 and a debt-to-equity ratio of 97.17. The firm has a market capitalization of C$30.66 million, a price-to-earnings ratio of -15.00 and a beta of 1.38.
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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