Grid Metals Corp. (OTCMKTS:MSMGF) Sees Large Growth in Short Interest

Grid Metals Corp. (OTCMKTS:MSMGF) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 122,500 shares, an increase of 491.8% from the February 28th total of 20,700 shares. Based on an average trading volume of 118,800 shares, the short-interest ratio is currently 1.0 days.

Grid Metals Price Performance

MSMGF remained flat at $0.03 during mid-day trading on Thursday. The firm has a fifty day moving average price of $0.03 and a 200-day moving average price of $0.03. Grid Metals has a twelve month low of $0.02 and a twelve month high of $0.06.

About Grid Metals

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.