Grid Metals (GRDM) Stock Price, News & Analysis

Company Overview

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. Its properties also include the Makwa Mayville Ni-Cu-PGM-Co property located to northeast of Winnipeg, Manitoba; Donner Lake Lithium property located in southeastern Manitoba; and the Campus Creek Lithium property located in northwestern Ontario. The company was formerly known as Mustang Minerals Corp. and changed its name to Grid Metals Corp. in June 2018. The company was incorporated in 1997 and is headquartered in Toronto, Canada.

Key Stats

• Today's Range: C$0.08 to C$0.08
• 50-Day Range: C$0.04 to C$0.09
• 52-Week Range: C$0.03 to C$0.10
• Volume: 2,000 shs
• Average Volume: 138,748 shs
• Market Capitalization: C$16.35 million
• P/E Ratio: N/A
• Dividend Yield: 1.06%
• Price Target: C$0.42
• Consensus Rating: Buy

GRDM Stock Analysis - Frequently Asked Questions

How have GRDM shares performed this year?

Grid Metals' stock was trading at C$0.04 at the start of the year. Since then, GRDM stock has increased by 100.0% and is now trading at C$0.08.

How do I buy shares of Grid Metals?

Shares of GRDM stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.

What other stocks do shareholders of Grid Metals own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Grid Metals investors own include Allena Pharmaceuticals (ALNA), Gevo (GEVO), Ballard Power Systems (BLDP), Luminar Technologies (LAZR), Lightspeed Commerce (LSPD), Moderna (MRNA) and Nokia (NOK).

Industry, Sector and Symbol

• Stock Exchange: CVE
• Sector: Basic Materials
• Industry: Other Industrial Metals & Mining
• Sub-Industry: N/A
• Current Symbol: CVE:GRDM
• CIK: N/A
• Web: www.gridmetalscorp.com
• Phone: 416-955-4773
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Grid Metals: C$0.42
• High Price Target: C$0.42
• Low Price Target: C$0.42
• Potential Upside/Downside: +425.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Trailing Twelve Months): C($0.04)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -C$6.99 million
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: -176.61%
• Return on Assets: -76.24%

Debt

• Debt-to-Equity Ratio: 97.17
• Current Ratio: 1.44
• Quick Ratio: 6.27

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: C$0.04 per share
• Price / Cash Flow: 2.02
• Book Value: C$0.01 per share
• Price / Book: 8.00

Miscellaneous

• Outstanding Shares: 204,400,000
• Free Float: N/A
• Market Cap: C$16.35 million
• Optionable: Not Optionable
• Beta: 2.28