Grid Metals Corp. (CVE:GRDM – Get Free Report)’s stock price dropped 14.3% on Monday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 101,000 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 231,890 shares. The stock had previously closed at C$0.04.
Grid Metals Stock Down 14.3 %
The firm has a market cap of C$6.13 million, a price-to-earnings ratio of -0.75 and a beta of 2.28. The company has a quick ratio of 6.27, a current ratio of 1.44 and a debt-to-equity ratio of 97.17. The stock’s 50 day moving average is C$0.04 and its 200 day moving average is C$0.04.
About Grid Metals
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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