Granada Gold Mine (CVE:GGM) Trading 40% Higher – Time to Buy?
by Doug Wharley · The Cerbat GemGranada Gold Mine Inc. (CVE:GGM – Get Free Report)’s stock price rose 40% during trading on Monday . The stock traded as high as C$0.12 and last traded at C$0.11. Approximately 3,069,375 shares traded hands during trading, an increase of 684% from the average daily volume of 391,455 shares. The stock had previously closed at C$0.08.
Granada Gold Mine Trading Up 40.0%
The company’s fifty day simple moving average is C$0.05 and its 200 day simple moving average is C$0.04. The stock has a market capitalization of C$17.34 million, a P/E ratio of -10.50 and a beta of 3.62.
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.