Granada Gold Mine (CVE:GGM) Trading 25% Higher – Should You Buy?
by Mitch Edgeman · The Markets DailyShares of Granada Gold Mine Inc. (CVE:GGM – Get Free Report) traded up 25% during mid-day trading on Thursday . The company traded as high as C$0.05 and last traded at C$0.05. 561,761 shares traded hands during mid-day trading, an increase of 166% from the average session volume of 210,848 shares. The stock had previously closed at C$0.04.
Granada Gold Mine Stock Performance
The firm has a 50 day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.04. The stock has a market cap of C$8.26 million, a P/E ratio of -5.00 and a beta of 3.78.
Granada Gold Mine Company Profile
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. The company was formerly known as Gold Bullion Development Corp. and changed its name to Granada Gold Mine Inc in January 2017. The company was incorporated in 1985 and is headquartered in Coquitlam, Canada.