Grid Metals (CVE:GRDM) Reaches New 12-Month Low at $0.05

Shares of Grid Metals Corp. (CVE:GRDM) hit a new 52-week low during trading on Tuesday . The company traded as low as C$0.05 and last traded at C$0.05, with a volume of 308436 shares traded. The stock had previously closed at C$0.06.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.22 target price on shares of Grid Metals and gave the stock a “buy” rating in a report on Tuesday, May 14th.

Grid Metals Price Performance

The company has a debt-to-equity ratio of 1.55, a quick ratio of 6.27 and a current ratio of 10.90. The company has a fifty day moving average price of C$0.06 and a two-hundred day moving average price of C$0.07. The company has a market cap of C$11.22 million, a P/E ratio of -0.92 and a beta of 2.40.

Grid Metals Company Profile

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.