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

Shares of Grid Metals Corp. (CVE:GRDMGet Free Report) were up 33.3% on Tuesday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 522,900 shares traded 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 Price Performance

The company has a debt-to-equity ratio of 97.17, a quick ratio of 6.27 and a current ratio of 1.44. The business’s fifty day moving average is C$0.04 and its two-hundred day moving average is C$0.04. The company has a market cap of C$8.18 million, a P/E 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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