Grid Metals (CVE:GRDM) Trading Up 20.7% – What’s Next?

Shares of Grid Metals Corp. (CVE:GRDMGet Free Report) were 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. Approximately 879,200 shares traded hands during mid-day trading, an increase of 403% from the average daily volume of 174,835 shares. The stock had previously closed at C$0.15.

Grid Metals Stock Down 11.4%

The stock has a market capitalization of C$31.68 million, a price-to-earnings ratio of -15.50 and a beta of 1.38. The firm has a 50-day moving average of C$0.14 and a 200 day moving average of C$0.08. 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 Company Profile

(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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