Grid Metals (CVE:GRDM) Hits New 52-Week Low at $0.04

Grid Metals Corp. (CVE:GRDM)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 5000 shares changing hands. The stock had previously closed at C$0.05.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.42 price target on Grid Metals and gave the company a “buy” rating in a report on Thursday, August 8th.

Grid Metals Stock Performance

The firm has a fifty day moving average of C$0.05 and a 200-day moving average of C$0.07. The firm has a market cap of C$6.13 million, a P/E ratio of -0.50 and a beta of 2.31. The company has a quick ratio of 6.27, a current ratio of 1.44 and a debt-to-equity ratio of 97.17.

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.