Grid Metals (CVE:GRDM) Trading 33.3% Higher – Should You Buy?

Shares of Grid Metals Corp. (CVE:GRDM) rose 33.3% during trading on Tuesday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 522,900 shares changed hands during mid-day 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 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 firm’s 50-day moving average price is C$0.04 and its two-hundred day moving average price 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.