Grid Metals Corp Stock Price on June 5, 2024
| GRDM Stock | CAD 0.04 0.01 12.50% |
Below is the normalized historical share price chart for Grid Metals Corp extending back to October 02, 2000. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Grid Metals stands at 0.04, as last reported on the 30th of November, with the highest price reaching 0.04 and the lowest price hitting 0.04 during the day.
If you're considering investing in Grid Stock, it is important to understand the factors that can impact its price. At this stage we consider Grid Stock to be out of control. Grid Metals Corp holds Efficiency (Sharpe) Ratio of 0.0178, which attests that the entity had a 0.0178% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Grid Metals Corp, which you can use to evaluate the volatility of the firm. Please check out Grid Metals' Market Risk Adjusted Performance of 0.1152, standard deviation of 8.47, and Risk Adjusted Performance of 0.007 to validate if the risk estimate we provide is consistent with the expected return of 0.15%.
At this time, Grid Metals' Common Stock Shares Outstanding is fairly stable compared to the past year. Liabilities And Stockholders Equity is likely to climb to about 23.1 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 5.8 M in 2024. . At this time, Grid Metals' Price Book Value Ratio is fairly stable compared to the past year. Price To Book Ratio is likely to climb to 2.93 in 2024, whereas Price Earnings To Growth Ratio is likely to drop 0.0005 in 2024. Grid Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 0.0583 | 50 Day MA 0.0413 | Beta 2.247 |
Grid |
Sharpe Ratio = 0.0178
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Estimated Market Risk
| 8.55 actual daily | 76 76% of assets are less volatile |
Expected Return
| 0.15 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Grid Metals is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Grid Metals by adding it to a well-diversified portfolio.
Price Book 2.9157 | Book Value 0.012 | Enterprise Value 5.4 M | Enterprise Value Ebitda (1.19) | Shares Float 132.8 M |
Grid Metals Valuation on June 5, 2024
It is possible to determine the worth of Grid Metals on a given historical date. On June 5, 2024 Grid was worth 0.075 at the beginning of the trading date compared to the closed value of 0.075. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Grid Metals stock. Still, in general, we apply an absolute valuation method to find Grid Metals' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Grid Metals where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Grid Metals' related companies.
| Open | High | Low | Close | Volume | |
| 0.07 | 0.07 | 0.07 | 0.07 | 54,000 | |
06/05/2024 | 0.07 | 0.07 | 0.07 | 0.07 | 8,000 |
| 0.07 | 0.07 | 0.07 | 0.07 | 52,850 |
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Grid Metals Trading Date Momentum on June 5, 2024
| On June 06 2024 Grid Metals Corp was traded for 0.07 at the closing time. The maximum traded price for the trading interval was 0.07 and the lowest daily price was 0.07 . The daily volume was recorded at 52.9 K. The volume of trading on 6th of June 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 13.33% . The overall trading delta to the closing price today is 13.33% . |
Grid Metals Corp Fundamentals Correlations and Trends
By evaluating Grid Metals' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Grid Metals' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Grid financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Grid Metals Stock history
Grid Metals investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Grid is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Grid Metals Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Grid Metals stock prices may prove useful in developing a viable investing in Grid Metals
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 203.9 M | 214.1 M | |
| Net Loss | -3.5 M | -3.3 M |
Grid Metals Quarterly Net Working Capital |
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Grid Metals Stock Technical Analysis
Grid Metals technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Grid Metals Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Grid Metals Corp cannot be verified against its exchange. Please verify the symbol is currently traded on TSX Venture Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Grid Metals November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Grid Metals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Grid Metals shares will generate the highest return on investment. By undertsting and applying Grid Metals stock market strength indicators, traders can identify Grid Metals Corp entry and exit signals to maximize returns
Grid Metals Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Grid Metals' price direction in advance. Along with the technical and fundamental analysis of Grid Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Grid to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.007 | |||
| Jensen Alpha | 0.007 | |||
| Total Risk Alpha | (1.45) | |||
| Treynor Ratio | 0.1052 |
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Additional Tools for Grid Stock Analysis
When running Grid Metals' price analysis, check to measure Grid Metals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Grid Metals is operating at the current time. Most of Grid Metals' value examination focuses on studying past and present price action to predict the probability of Grid Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grid Metals' price. Additionally, you may evaluate how the addition of Grid Metals to your portfolios can decrease your overall portfolio volatility.