Grid Metals (CVE:GRDM) Stock Price Up 33.3% – Here’s Why

Grid Metals Corp. (CVE:GRDM) traded up 33.3% during mid-day trading on Tuesday . The stock traded as high as C$0.04 and last traded at C$0.04. 522,900 shares were traded during trading, an increase of 139% from the average session volume of 219,003 shares. The stock had previously closed at C$0.03.

Grid Metals Price Performance

The firm has a market capitalization of C$8.18 million, a price-to-earnings ratio of -1.00 and a beta of 2.28. The company has a debt-to-equity ratio of 97.17, a quick ratio of 6.27 and a current ratio of 1.44. The business’s 50 day moving average is C$0.04 and its 200-day moving average is C$0.04.

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.