Grid Metals Corp. (CVE:GRDM – Get Free Report) shot up 33.3% during mid-day trading on Wednesday . The company traded as high as C$0.04 and last traded at C$0.04. 522,900 shares changed 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 Price Performance
The company has a market capitalization of C$8.18 million, a price-to-earnings ratio of -1.00 and a beta of 2.28. The firm has a 50-day moving average price of C$0.04 and a two-hundred day moving average price of C$0.04. The company has a debt-to-equity ratio of 97.17, a current ratio of 1.44 and a quick ratio of 6.27.
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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