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

Grid Metals (CVE:GRDM) has been assigned a C$0.42 price objective by investment analysts at Fundamental Research in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock.

Grid Metals Price Performance

Shares of CVE GRDM remained flat at C$0.04 during midday trading on Wednesday. 264,545 shares of the company’s stock were exchanged, compared to its average volume of 221,530. Grid Metals has a 12-month low of C$0.03 and a 12-month high of C$0.09. The stock has a market capitalization of C$7.15 million, a PE ratio of -0.88 and a beta of 2.28. 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’s 50 day moving average price is C$0.04 and its 200-day moving average price is C$0.04.

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.