Grid Metals (CVE:GRDM) Sets New 12-Month Low at $0.06

Grid Metals Corp. (CVE:GRDM)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as C$0.06 and last traded at C$0.06, with a volume of 13336 shares traded. The stock had previously closed at C$0.07.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$0.22 price objective on shares of Grid Metals and gave the stock a “buy” rating in a research report on Tuesday, May 14th.

Grid Metals Stock Performance

The company has a market cap of C$13.26 million, a PE ratio of -1.08 and a beta of 2.40. The company has a debt-to-equity ratio of 1.55, a quick ratio of 6.27 and a current ratio of 10.90. The stock’s 50-day simple moving average is C$0.07 and its 200 day simple moving average is C$0.08.

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.