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

Grid Metals (CVE:GRDM) received a C$0.42 target price from analysts at Fundamental Research in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock.

Grid Metals Stock Up 12.5 %

GRDM stock opened at C$0.05 on Wednesday. The company’s 50 day moving average price is C$0.04 and its 200 day moving average price is C$0.04. The firm has a market capitalization of C$9.20 million, a price-to-earnings ratio of -1.13 and a beta of 2.28. 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 quick ratio of 6.27 and a current ratio of 1.44.

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.