Grid Metals Corp. (CVE:GRDM – Get Free Report) shares dropped 25% during mid-day trading on Monday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 170,000 shares changed hands during trading, a decline of 25% from the average daily volume of 225,280 shares. The stock had previously closed at C$0.04.
Grid Metals Stock Performance
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 company has a fifty day moving average of C$0.04 and a two-hundred day moving average of C$0.04. The company has a market cap of C$7.15 million, a price-to-earnings ratio of -0.88 and a beta of 2.28.
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.
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