Grizzly Discoveries (CVE:GZD) Shares Down 16.7% – Should You Sell?

Grizzly Discoveries Inc. (CVE:GZD) dropped 16.7% during trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 222,000 shares traded hands during mid-day trading, an increase of 190% from the average daily volume of 76,598 shares. The stock had previously closed at C$0.03.

Grizzly Discoveries Trading Up 16.7%

The company has a market capitalization of C$7.23 million, a price-to-earnings ratio of -6.48 and a beta of -1.11. The stock’s fifty day simple moving average is C$0.03 and its 200-day simple moving average is C$0.02.

About Grizzly Discoveries

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.