Grid Metals (CVE:GRDM) Trading Up 27.6% – What’s Next?

Grid Metals Corp. (CVE:GRDMGet Free Report) rose 27.6% during mid-day trading on Thursday . The stock traded as high as C$0.19 and last traded at C$0.19. Approximately 389,900 shares were traded during mid-day trading, an increase of 129% from the average daily volume of 170,315 shares. The stock had previously closed at C$0.15.

Grid Metals Stock Performance

The firm has a market capitalization of C$37.81 million, a P/E ratio of -18.50 and a beta of 1.38. The company has a 50-day moving average of C$0.13 and a 200-day moving average of 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.

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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