Grizzly Discoveries (CVE:GZD) Stock Price Down 13.3% – Here’s Why

Grizzly Discoveries Inc. (CVE:GZDGet Free Report) fell 13.3% during mid-day trading on Friday . The stock traded as low as C$0.06 and last traded at C$0.07. 114,669 shares were traded during trading, a decline of 11% from the average session volume of 129,210 shares. The stock had previously closed at C$0.07.

Grizzly Discoveries Trading Down 13.3%

The company has a debt-to-equity ratio of 2.23, a current ratio of 3.13 and a quick ratio of 5.15. The business has a 50-day simple moving average of C$0.07 and a two-hundred day simple moving average of C$0.05. The stock has a market cap of C$15.13 million, a price-to-earnings ratio of -6.48 and a beta of 0.89.

About Grizzly Discoveries

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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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