Grizzly Discoveries (CVE:GZD) Shares Down 14.3% – Time to Sell?

Grizzly Discoveries Inc. (CVE:GZD)’s share price dropped 14.3% during mid-day trading on Thursday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 188,714 shares traded hands during mid-day trading, an increase of 34% from the average daily volume of 141,032 shares. The stock had previously closed at C$0.04.

Grizzly Discoveries Stock Performance

The business’s fifty day simple moving average is C$0.03 and its 200-day simple moving average is C$0.03. The firm has a market cap of C$7.23 million, a P/E ratio of -6.48 and a beta of -0.35. The company has a current ratio of 1.03, a quick ratio of 5.15 and a debt-to-equity ratio of 2.51.

Grizzly Discoveries Company Profile

Grizzly Discoveries Inc engages in the acquisition, exploration, and development of precious and base metals properties Canada. The company primarily explores for gold, copper, silver, and cobalt deposits. It holds 100% interests in Greenwood Project covering approximately 180,000 contiguous acres in South-central British Columbia; and the Robocop property comprising of five mineral claims that covers an area of 5,864 acres located in southeastern British Columbia. The company also holds an interest at the Alberta diamond project consisting of two wholly owned claim blocks in the Buffalo Head Hills.