Grid Metals (CVE:GRDM) Stock Price Up 20.7% – Should You Buy?

Grid Metals Corp. (CVE:GRDMGet Free Report)’s stock price shot up 20.7% during mid-day trading on Thursday . The company traded as high as C$0.19 and last traded at C$0.18. 879,200 shares changed hands during trading, an increase of 403% from the average session volume of 174,835 shares. The stock had previously closed at C$0.15.

Grid Metals Stock Performance

The company has a debt-to-equity ratio of 97.17, a quick ratio of 6.27 and a current ratio of 1.44. The stock has a 50 day moving average of C$0.13 and a 200 day moving average of C$0.08. The stock has a market capitalization of C$35.77 million, a P/E ratio of -17.50 and a beta of 1.38.

About Grid Metals

(Get Free Report)

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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