Granada Gold Mine (CVE:GGM) Stock Jumps 20% – Here’s Why

Granada Gold Mine Inc. (CVE:GGM – Get Free Report) rose 20% on Monday. The company traded as high as C$0.03 and last traded at C$0.03. 267,091 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 315,287 shares. The stock had previously closed at C$0.03.

Granada Gold Mine Trading Up 20.0%

The company has a market cap of C$6.82 million, a P/E ratio of -2.50 and a beta of 1.66. The company’s fifty day moving average is C$0.04 and its 200 day moving average is C$0.05.

About Granada Gold Mine

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Granada Gold Mine Inc, a junior mining and exploration company, acquires, explores for, and develops mineral properties in Canada. It explores for gold deposits. The company holds a 100% interest in the Granada gold property, which owns 14.73 square kilometers of land in a combination of mining leases and claims located in Rouyn-Noranda, Quebec. The company was formerly known as Gold Bullion Development Corp. and changed its name to Granada Gold Mine Inc in January 2017. The company was incorporated in 1985 and is headquartered in Coquitlam, Canada.

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