Shares of Grid Metals Corp. (CVE:GRDM – Get Free Report) were up 33.3% during mid-day trading on Wednesday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 522,900 shares changed hands during trading, an increase of 139% from the average daily volume of 219,003 shares. The stock had previously closed at C$0.03.
Grid Metals Stock Performance
The company 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 50 day moving average price of C$0.04 and a 200 day moving average price of C$0.04. The company has a debt-to-equity ratio of 97.17, a quick ratio of 6.27 and a current ratio of 1.44.
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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