Granada Gold Mine (CVE:GGM) Trading Up 40% – Time to Buy?

Granada Gold Mine Inc. (CVE:GGM)’s share price rose 40% during mid-day trading on Tuesday . The stock traded as high as C$0.12 and last traded at C$0.11. Approximately 3,069,375 shares were traded during mid-day trading, an increase of 684% from the average daily volume of 391,455 shares. The stock had previously closed at C$0.08.

Granada Gold Mine Trading Up 40.0%

The stock has a market capitalization of C$17.34 million, a PE ratio of -10.50 and a beta of 3.62. The business’s 50 day moving average is C$0.05 and its 200 day moving average is C$0.04.

Granada Gold Mine Company Profile

Granada Gold Mine Inc, a junior mining and exploration company, acquires, explores for, and develops mineral properties in Canada. It explores for gold deposits. The company holds a 100% interest in the Granada gold property, which owns 14.73 square kilometers of land in a combination of mining leases and claims located in Rouyn-Noranda, Quebec. The company was formerly known as Gold Bullion Development Corp. and changed its name to Granada Gold Mine Inc in January 2017. The company was incorporated in 1985 and is headquartered in Coquitlam, Canada.