Grid Metals (CVE:GRDM) Stock Price Up 33.3% – Here’s Why

Grid Metals Corp. (CVE:GRDM)’s share price traded up 33.3% on Tuesday . The company traded as high as C$0.04 and last traded at C$0.04. 522,900 shares traded hands during trading, an increase of 139% from the average session volume of 219,003 shares. The stock had previously closed at C$0.03.

Grid Metals Stock Up 33.3 %

The company’s 50 day simple moving average is C$0.04 and its 200-day simple moving average is C$0.04. The company has a debt-to-equity ratio of 97.17, a quick ratio of 6.27 and a current ratio of 1.44. The firm has a market capitalization of C$8.18 million, a PE ratio of -1.00 and a beta of 2.28.

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.