Shares of Grid Metals Corp. (CVE:GRDM – Get Free Report) shot up 20.8% on Thursday . The company traded as high as C$0.15 and last traded at C$0.15. 479,427 shares traded hands during trading, an increase of 183% from the average session volume of 169,494 shares. The stock had previously closed at C$0.12.
Grid Metals Trading Down 3.4%
The stock has a 50 day moving average of C$0.13 and a 200-day moving average of C$0.08. The company has a market capitalization of C$28.62 million, a P/E ratio of -14.00 and a beta of 1.38. The company has a current ratio of 1.44, a quick ratio of 6.27 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.
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