Grid Metals (CVE:GRDM) Given a C$0.42 Price Target by Fundamental Research Analysts

Grid Metals (CVE:GRDM) received a C$0.42 price objective from Fundamental Research in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock.

Grid Metals Stock Down 14.3 %

Shares of GRDM traded down C$0.01 during trading hours on Tuesday, reaching C$0.03. The stock had a trading volume of 104,400 shares, compared to its average volume of 213,682. Grid Metals has a 12 month low of C$0.03 and a 12 month high of C$0.09. The firm has a 50-day simple moving average of C$0.04 and a 200 day simple 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. The company has a market capitalization of C$6.13 million, a price-to-earnings ratio of -0.75 and a beta of 2.28.

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.