Fundamental Research Reiterates “C$0.42” Price Target for Grid Metals (CVE:GRDM)

Fundamental Research set a C$0.42 price objective on Grid Metals (CVE:GRDM) in a report published on Tuesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Grid Metals Stock Performance

GRDM stock opened at C$0.04 on Tuesday. The firm has a market cap of C$7.15 million, a price-to-earnings ratio of -0.88 and a beta of 2.28. The firm has a 50-day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.04. Grid Metals has a one year low of C$0.03 and a one year high of C$0.09. The company has a debt-to-equity ratio of 97.17, a quick ratio of 6.27 and a current ratio of 1.44.

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.