Grid Metals (CVE:GRDM) Trading 33.3% Higher – Should You Buy?

Shares of Grid Metals Corp. (CVE:GRDMGet Free Report) shot up 33.3% during trading on Tuesday . The company traded as high as C$0.04 and last traded at C$0.04. 522,900 shares were traded during mid-day 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 Trading Up 33.3 %

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

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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