Grid Metals Corp. (CVE:GRDM – Get Free Report)’s share price hit a new 52-week low during trading on Friday . The stock traded as low as C$0.06 and last traded at C$0.07, with a volume of 185700 shares changing hands. The stock had previously closed at C$0.07.
Grid Metals Stock Down 7.1 %
The company has a market capitalization of C$13.25 million, a price-to-earnings ratio of -1.17 and a beta of 2.42. The company has a debt-to-equity ratio of 1.55, a quick ratio of 6.27 and a current ratio of 10.90. The business’s 50 day moving average is C$0.07 and its 200 day moving average is C$0.09.
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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