Grid Metals (CVE:GRDM) Stock Price Up 33.3% – Still a Buy?

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

The company has a debt-to-equity ratio of 97.17, a current ratio of 1.44 and a quick ratio of 6.27. The firm’s 50-day moving average price is C$0.04 and its 200 day moving average price is C$0.04. The firm has a market capitalization of C$8.18 million, a price-to-earnings ratio of -1.00 and a beta of 2.28.

About Grid Metals

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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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