Grid Metals (CVE:GRDM) Stock Price Up 26.3% – Still a Buy?

Grid Metals Corp. (CVE:GRDMGet Free Report) shot up 26.3% on Tuesday . The company traded as high as C$0.12 and last traded at C$0.12. 808,459 shares traded hands during trading, an increase of 442% from the average session volume of 149,161 shares. The stock had previously closed at C$0.10.

Grid Metals Trading Up 8.7%

The company has a fifty day simple moving average of C$0.11 and a two-hundred day simple moving average of C$0.12. The stock has a market capitalization of C$29.15 million, a P/E ratio of -6.25 and a beta of 0.58. The company has a quick ratio of 6.27, a current ratio of 1.44 and a debt-to-equity ratio of 97.17.

About Grid Metals

(Get Free Report)

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. Its properties also include the Makwa Mayville Ni-Cu-PGM-Co property located to northeast of Winnipeg, Manitoba; Donner Lake Lithium property located in southeastern Manitoba; and the Campus Creek Lithium property located in northwestern Ontario.

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