Shares of Grid Metals Corp. (CVE:GRDM – Get Free Report) rose 33.3% on Tuesday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 522,900 shares changed hands during trading, an increase of 139% from the average daily volume of 219,003 shares. The stock had previously closed at C$0.03.
Grid Metals Stock Performance
The firm has a market capitalization of C$8.18 million, a price-to-earnings ratio of -1.00 and a beta of 2.28. The company has a quick ratio of 6.27, a current ratio of 1.44 and a debt-to-equity ratio of 97.17. The business’s 50-day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.04.
About Grid Metals
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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