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 issued on Wednesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Grid Metals Stock Performance

Grid Metals stock opened at C$0.04 on Wednesday. Grid Metals has a 12-month low of C$0.03 and a 12-month high of C$0.09. The company has a debt-to-equity ratio of 97.17, a current ratio of 1.44 and a quick ratio of 6.27. The company has a market capitalization of C$8.18 million, a price-to-earnings ratio of -1.00 and a beta of 2.28. The firm’s fifty day moving average price is C$0.04 and its 200 day moving average price is C$0.04.

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.