Grid Metals (CVE:GRDM) Stock Price Up 33.3% – Should You Buy?

Grid Metals Corp. (CVE:GRDMGet Free Report)’s stock price shot up 33.3% on Tuesday . The company traded as high as C$0.04 and last traded at C$0.04. 522,900 shares changed hands during trading, an increase of 139% from the average session volume of 219,003 shares. The stock had previously closed at C$0.03.

Grid Metals Price Performance

The stock has a market capitalization of C$8.18 million, a PE ratio of -1.00 and a beta of 2.28. The stock’s 50 day moving average is C$0.04 and its two-hundred day moving average is C$0.04. The company has a debt-to-equity ratio of 97.17, a quick ratio of 6.27 and a current ratio of 1.44.

About Grid Metals

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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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