Grid Metals Corp. (CVE:GRDM – Get Free Report) reached a new 52-week high during mid-day trading on Thursday. The company traded as high as C$0.23 and last traded at C$0.21, with a volume of 502,549 shares traded. The stock had previously closed at C$0.19.
Grid Metals Stock Performance
The company has a debt-to-equity ratio of 97.17, a current ratio of 1.44 and a quick ratio of 6.27. The company has a 50 day simple moving average of C$0.15 and a 200-day simple moving average of C$0.13. The stock has a market capitalization of C$51.27 million, a P/E ratio of -11.00 and a beta of -0.06.
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. Its properties also include the Makwa Mayville Ni-Cu-PGM-Co property located to northeast of Winnipeg, Manitoba; Donner Lake Lithium property located in southeastern Manitoba; and the Campus Creek Lithium property located in northwestern Ontario.
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