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

Grid Metals (CVE:GRDM) has been given a C$0.42 price objective by stock analysts at Fundamental Research in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock.

Grid Metals Trading Down 14.3 %

CVE:GRDM opened at C$0.03 on Tuesday. The business’s 50-day simple moving average is C$0.04 and its 200-day simple moving average is C$0.04. Grid Metals has a fifty-two week low of C$0.03 and a fifty-two week 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 stock has a market capitalization of C$6.13 million, a PE ratio of -0.75 and a beta of 2.28.

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.