Granada Gold Mine (CVE:GGM) Stock Price Up 25% – Here’s What Happened

Granada Gold Mine Inc. (CVE:GGM)’s share price shot up 25% on Thursday . The company traded as high as C$0.03 and last traded at C$0.03. 579,000 shares traded hands during mid-day trading, an increase of 586% from the average session volume of 84,395 shares. The stock had previously closed at C$0.02.

Granada Gold Mine Price Performance

The business’s fifty day moving average price is C$0.03 and its 200-day moving average price is C$0.03. The stock has a market capitalization of C$3.97 million, a price-to-earnings ratio of -2.50 and a beta of 2.55.

About Granada Gold Mine

Granada Gold Mine Inc, a junior mining and exploration company, acquires, explores for, and develops mineral properties in Canada. It explores for gold deposits. The company holds a 100% interest in the Granada gold property, which owns 14.73 square kilometers of land in a combination of mining leases and claims located in Rouyn-Noranda, Quebec.