Grid Metals (CVE:GRDM) Shares Up 33.3% – Should You Buy?

Grid Metals Corp. (CVE:GRDMGet Free Report) shares were up 33.3% on Wednesday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 522,900 shares traded hands during 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 debt-to-equity ratio of 97.17, a current ratio of 1.44 and a quick ratio of 6.27. The stock’s fifty day simple moving average is C$0.04 and its 200-day simple moving average is C$0.04. The stock 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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