Grid Metals (CVE:GRDM) Trading Down 14.3% – What’s Next?

Grid Metals Corp. (CVE:GRDMGet Free Report)’s share price traded down 14.3% during trading on Monday . The company traded as low as C$0.03 and last traded at C$0.03. 101,000 shares were traded during mid-day trading, a decline of 56% from the average session volume of 231,890 shares. The stock had previously closed at C$0.04.

Grid Metals Price Performance

The company has a debt-to-equity ratio of 97.17, a quick ratio of 6.27 and a current ratio of 1.44. The company has a market capitalization of C$6.13 million, a PE ratio of -0.75 and a beta of 2.28. The company’s 50-day simple moving average is C$0.04 and its 200-day simple moving average is C$0.04.

Grid Metals Company Profile

(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.

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