Grid Metals Corp. (CVE:GRDM – Get Free Report) fell 13.6% during mid-day trading on Thursday . The company traded as low as C$0.10 and last traded at C$0.10. 230,759 shares traded hands during trading, an increase of 42% from the average session volume of 162,070 shares. The stock had previously closed at C$0.11.
Grid Metals Price Performance
The company’s 50 day simple moving average is C$0.12 and its 200 day simple moving average is C$0.13. The company has a current ratio of 1.44, a quick ratio of 6.27 and a debt-to-equity ratio of 97.17. The stock has a market capitalization of C$22.16 million, a PE ratio of -4.75 and a beta of 0.51.
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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