Grid Metals (CVE:GRDM) Shares Up 33.3% – Time to Buy?

Grid Metals Corp. (CVE:GRDM) was up 33.3% on Tuesday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 522,900 shares were traded 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 Up 33.3 %

The stock has a market capitalization of C$8.18 million, a PE ratio of -1.00 and a beta of 2.28. The firm has a 50 day moving average of C$0.04 and a two-hundred day moving average of C$0.04. The company has a current ratio of 1.44, a quick ratio of 6.27 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.