Grizzly Discoveries (CVE:GZD) Reaches New 1-Year High – Time to Buy?

Grizzly Discoveries Inc. (CVE:GZD)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$0.04 and last traded at C$0.04, with a volume of 549725 shares changing hands. The stock had previously closed at C$0.04.

Grizzly Discoveries Trading Up 14.3%

The company’s fifty day moving average price is C$0.03 and its two-hundred day moving average price is C$0.03. The company has a current ratio of 1.03, a quick ratio of 5.15 and a debt-to-equity ratio of 2.51. The firm has a market cap of C$8.88 million, a P/E ratio of -6.48 and a beta of 0.07.

About Grizzly Discoveries

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.