Granada Gold Mine Inc. (CVE:GGM – Get Free Report) shares shot up 16.7% on Thursday. The stock traded as high as C$0.04 and last traded at C$0.04. 372,600 shares changed hands during mid-day trading, an increase of 16% from the average daily volume of 320,686 shares. The stock had previously closed at C$0.03.
Granada Gold Mine Stock Up 10.0%
The firm’s 50-day moving average price is C$0.04 and its 200-day moving average price is C$0.04. The company has a market cap of C$7.50 million, a P/E ratio of -2.75 and a beta of 2.54.
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.
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