Grid Metals Corp. (CVE:GRDM – Get Free Report)’s stock price rose 7.1% during trading on Tuesday. The company traded as high as C$0.15 and last traded at C$0.15. Approximately 132,500 shares changed hands during mid-day trading, a decline of 14% from the average daily volume of 153,309 shares. The stock had previously closed at C$0.14.
Grid Metals Price Performance
The company has a 50 day moving average of C$0.14 and a 200 day moving average of C$0.12. The stock has a market capitalization of C$36.12 million, a price-to-earnings ratio of -7.75 and a beta of 0.38. The company has a quick ratio of 6.27, a current ratio of 1.44 and a debt-to-equity ratio of 97.17.
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. Its properties also include the Makwa Mayville Ni-Cu-PGM-Co property located to northeast of Winnipeg, Manitoba; Donner Lake Lithium property located in southeastern Manitoba; and the Campus Creek Lithium property located in northwestern Ontario.
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