Grid Metals (CVE:GRDM) Stock Price Up 33.3% – Still a Buy?

Grid Metals Corp. (CVE:GRDMGet Free Report)’s stock price was up 33.3% during mid-day trading on Wednesday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 522,900 shares changed hands during mid-day trading, an increase of 139% from the average daily volume of 219,003 shares. The stock had previously closed at C$0.03.

Grid Metals Stock Up 33.3 %

The company has a quick ratio of 6.27, a current ratio of 1.44 and a debt-to-equity ratio of 97.17. The stock has a 50 day simple moving average of C$0.04 and a 200 day simple moving average of C$0.04. The stock has a market cap of C$8.18 million, a price-to-earnings ratio of -1.00 and a beta of 2.28.

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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