Grid Metals (CVE:GRDM) Given a C$0.42 Price Target at Fundamental Research

Fundamental Research set a C$0.42 target price on Grid Metals (CVE:GRDM) in a report released on Tuesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Grid Metals Stock Down 14.3 %

Shares of CVE:GRDM opened at C$0.03 on Tuesday. The stock has a market capitalization of C$6.13 million, a P/E ratio of -0.75 and a beta of 2.28. The stock’s 50-day moving average price is C$0.04 and its 200-day moving average price is C$0.04. The company has a current ratio of 1.44, a quick ratio of 6.27 and a debt-to-equity ratio of 97.17. Grid Metals has a 12-month low of C$0.03 and a 12-month high of C$0.09.

Grid Metals Company Profile

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.