Grid Metals (CVE:GRDM) Stock Price Up 33.3% – What’s Next?

Grid Metals Corp. (CVE:GRDM)’s stock price 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 Price Performance

The stock has a market cap of C$8.18 million, a price-to-earnings ratio of -1.00 and a beta of 2.28. The business’s 50 day moving average is C$0.04 and its 200-day moving average is 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.

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.