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$0.07 to C$0.07
• 50-Day Range: C$0.04 to C$0.09
• 52-Week Range: C$0.03 to C$0.10
• Volume: 124,000 shs
• Average Volume: 144,938 shs
• Market Capitalization: C$14.31 million
• P/E Ratio: N/A
• Dividend Yield: 1.06%
• Price Target: C$0.42
• Consensus Rating: Buy

Grid Metals Stock Analysis - MarketRank™

Grid Metals scored higher than 40% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Grid Metals has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Grid Metals has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Grid Metals is -1.75, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Grid Metals is -1.75, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Grid Metals has a P/B Ratio of 7.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for GRDM.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Grid Metals pays a meaningful dividend of 1.06%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Grid Metals does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for GRDM.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: N/A

News Sentiment

Grid Metals has a news sentiment score of 0.75. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.41 average news sentiment score of Basic Materials companies.

MarketBeat Follows

5 people have added Grid Metals to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Grid Metals insiders have not sold or bought any company stock.

Percentage Held by Insiders

15.09% of the stock of Grid Metals is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 22.08% of the stock of Grid Metals is held by institutions.

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 shares have increased by 75.0% and is now trading at C$0.07.

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: +500.0%
• 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$0.03 per share
• Price / Cash Flow: 2.02
• Book Value: C$0.01 per share
• Price / Book: 7.00

Miscellaneous

• Outstanding Shares: 204,400,000
• Free Float: N/A
• Market Cap: C$14.31 million
• Optionable: Not Optionable
• Beta: 2.28