Grid Metals Corp. (OTCMKTS:MSMGF) Sees Significant Growth in Short Interest

Grid Metals Corp. (OTCMKTS:MSMGF) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 20,700 shares, a growth of 1,970.0% from the February 13th total of 1,000 shares. Based on an average daily trading volume, of 129,000 shares, the days-to-cover ratio is currently 0.2 days.

Grid Metals Price Performance

Shares of MSMGF remained flat at $0.03 during mid-day trading on Wednesday. Grid Metals has a 12 month low of $0.02 and a 12 month high of $0.06. The stock has a 50-day simple moving average of $0.03 and a 200 day simple moving average of $0.03.

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.