Granada Gold Mine (CVE:GGM) Stock Price Up 33.3% – Still a Buy?
by Danessa Lincoln · The Markets DailyGranada Gold Mine Inc. (CVE:GGM – Get Free Report)’s share price rose 33.3% on Monday . The company traded as high as C$0.12 and last traded at C$0.10. Approximately 2,878,295 shares were traded during mid-day trading, an increase of 678% from the average daily volume of 369,772 shares. The stock had previously closed at C$0.08.
Granada Gold Mine Stock Up 40.0%
The stock’s 50-day moving average price is C$0.05 and its 200 day moving average price is C$0.04. The firm has a market cap of C$17.34 million, a price-to-earnings 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.