Grizzly Discoveries (CVE:GZD) Shares Up 25% – Time to Buy?

Grizzly Discoveries Inc. (CVE:GZDGet Free Report) shares rose 25% during trading on Thursday . The company traded as high as C$0.07 and last traded at C$0.07. 366,130 shares were traded during mid-day trading, an increase of 153% from the average daily volume of 144,681 shares. The stock had previously closed at C$0.06.

Grizzly Discoveries Price Performance

The company has a current ratio of 3.13, a quick ratio of 5.15 and a debt-to-equity ratio of 2.23. The stock has a market capitalization of C$17.46 million, a PE ratio of -6.48 and a beta of 0.92. The business has a fifty day moving average price of C$0.07 and a 200-day moving average price of C$0.05.

About Grizzly Discoveries

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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.

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