Grid Metals (CVE:GRDM) Stock Price Down 14.3% – What’s Next?

Shares of Grid Metals Corp. (CVE:GRDMGet Free Report) fell 14.3% during trading on Monday . The stock traded as low as C$0.03 and last traded at C$0.03. 101,000 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 231,890 shares. The stock had previously closed at C$0.04.

Grid Metals Stock Performance

The stock has a market capitalization of C$6.13 million, a price-to-earnings ratio of -0.75 and a beta of 2.28. The company has a debt-to-equity ratio of 97.17, a quick ratio of 6.27 and a current ratio of 1.44. The stock has a fifty day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.04.

Grid Metals Company Profile

(Get Free Report)

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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