Grid Metals Corp. (CVE:GRDM – Get Free Report) rose 33.3% during mid-day trading on Wednesday . The company 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 Performance
The firm’s fifty day moving average price is C$0.04 and its 200 day moving average price is C$0.04. 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 firm has a market cap of C$8.18 million, a P/E ratio of -1.00 and a beta of 2.28.
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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