Grid Metals (CVE:GRDM) Reaches New 52-Week Low at $0.04

Grid Metals Corp. (CVE:GRDM)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.04 and last traded at C$0.05, with a volume of 19100 shares. The stock had previously closed at C$0.05.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.42 price objective on shares of Grid Metals and gave the stock a “buy” rating in a research note on Thursday, August 8th.

Grid Metals Stock Performance

The company has a debt-to-equity ratio of 116.80, a current ratio of 1.34 and a quick ratio of 6.27. The stock has a 50-day moving average price of C$0.06 and a 200-day moving average price of C$0.07. The company has a market capitalization of C$9.18 million, a price-to-earnings ratio of -0.75 and a beta of 2.31.

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.