Grid Metals (CVE:GRDM) Trading 20.7% Higher – What’s Next?

Grid Metals Corp. (CVE:GRDMGet Free Report) was up 20.7% during trading on Thursday . The company traded as high as C$0.19 and last traded at C$0.18. Approximately 879,200 shares were traded during trading, an increase of 403% from the average daily volume of 174,835 shares. The stock had previously closed at C$0.15.

Grid Metals Price Performance

The stock has a market capitalization of C$35.77 million, a PE ratio of -17.50 and a beta of 1.38. The company has a debt-to-equity ratio of 97.17, a current ratio of 1.44 and a quick ratio of 6.27. The firm’s 50 day simple moving average is C$0.13 and its 200 day simple moving average is C$0.08.

Grid Metals Company Profile

(Get Free Report)

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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