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

Shares of Grid Metals Corp. (CVE:GRDM) 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 traded 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 company has a debt-to-equity ratio of 97.17, a current ratio of 1.44 and a quick ratio of 6.27. The stock has a 50 day simple moving average of C$0.04 and a 200-day simple moving average of C$0.04. The firm has a market cap of C$8.18 million, a PE ratio of -1.00 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.