Grid Metals (CVE:GRDM) Stock Price Down 12.5% – Should You Sell?

Grid Metals Corp. (CVE:GRDMGet Free Report) shares dropped 12.5% during mid-day trading on Wednesday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 345,600 shares traded hands during trading, an increase of 51% from the average daily volume of 228,303 shares. The stock had previously closed at C$0.04.

Grid Metals Price Performance

The business has a fifty day moving average of C$0.04 and a 200-day moving average of C$0.04. The firm has a market cap of C$8.18 million, a PE ratio of -1.00 and a beta of 2.28. The company has a current ratio of 1.44, a quick ratio of 6.27 and a debt-to-equity ratio of 97.17.

About Grid Metals

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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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