Grid Metals Corp. (CVE:GRDM – Get Free Report) shares rose 20.8% on Friday . The company traded as high as C$0.15 and last traded at C$0.15. Approximately 567,427 shares changed hands during mid-day 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 Price Performance
The firm has a market capitalization of C$29.64 million, a PE ratio of -14.50 and a beta of 1.38. The stock’s 50 day simple moving average is C$0.13 and its two-hundred day simple moving average is 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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