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 research report sent to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Grid Metals Stock Down 11.1 %

Grid Metals stock opened at C$0.04 on Wednesday. The company has a fifty day simple moving average of C$0.04 and a 200 day simple moving average of C$0.04. The company has a current ratio of 1.44, a quick ratio of 6.27 and a debt-to-equity ratio of 97.17. Grid Metals has a 1-year low of C$0.03 and a 1-year high of C$0.09. The company has a market cap of C$8.18 million, a P/E 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.