Grizzly Discoveries (CVE:GZD) Stock Price Down 15.4% – What’s Next?

Grizzly Discoveries Inc. (CVE:GZDGet Free Report) shares traded down 15.4% during mid-day trading on Thursday . The stock traded as low as C$0.05 and last traded at C$0.06. 886,517 shares traded hands during mid-day trading, an increase of 543% from the average daily volume of 137,790 shares. The stock had previously closed at C$0.07.

Grizzly Discoveries Price Performance

The stock has a market capitalization of C$13.97 million, a P/E ratio of -6.48 and a beta of 0.89. The business has a fifty day simple moving average of C$0.07 and a 200-day simple moving average of C$0.05. The company has a debt-to-equity ratio of 2.23, a quick ratio of 5.15 and a current ratio of 3.13.

Grizzly Discoveries Company Profile

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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.

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