Granada Gold Mine (CVE:GGM) Trading Up 40% – Still a Buy?

Shares of Granada Gold Mine Inc. (CVE:GGMGet Free Report) shot up 40% during trading on Wednesday . The stock traded as high as C$0.04 and last traded at C$0.04. 241,828 shares were traded during trading, an increase of 190% from the average session volume of 83,493 shares. The stock had previously closed at C$0.03.

Granada Gold Mine Price Performance

The firm has a market capitalization of C$5.56 million, a P/E ratio of -3.50 and a beta of 2.55. The business has a 50 day moving average price of C$0.03 and a 200 day moving average price of C$0.03.

About Granada Gold Mine

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Granada Gold Mine Inc, a junior mining and exploration company, acquires, explores for, and develops mineral properties in Canada. It explores for gold deposits. The company holds a 100% interest in the Granada gold property, which owns 14.73 square kilometers of land in a combination of mining leases and claims located in Rouyn-Noranda, Quebec.

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