Granada Gold Mine (CVE:GGM) Stock Price Up 40% – Here’s What Happened

Granada Gold Mine Inc. (CVE:GGM – Get Free Report)’s share price was up 40% during trading on Monday . The company traded as high as C$0.12 and last traded at C$0.11. Approximately 3,051,375 shares changed hands during mid-day trading, an increase of 686% from the average daily volume of 388,232 shares. The stock had previously closed at C$0.08.

Granada Gold Mine Stock Up 40.0%

The firm has a market capitalization of C$17.34 million, a PE ratio of -10.50 and a beta of 3.62. The company’s 50-day simple moving average is C$0.05 and its 200 day simple moving average is C$0.04.

About Granada Gold Mine

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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.

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