Grid Metals Corp. (OTCMKTS:MSMGF) Short Interest Down 77.5% in May
Grid Metals Corp. (OTCMKTS:MSMGF – Get Rating) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 19,100 shares, a decrease of 77.5% from the April 30th total of 85,000 shares. Based on an average daily volume of 140,300 shares, the days-to-cover ratio is presently 0.1 days.
Shares of MSMGF stock traded up $0.00 on Thursday, reaching $0.14. The stock had a trading volume of 11,600 shares, compared to its average volume of 93,012. The firm’s 50-day moving average is $0.15 and its two-hundred day moving average is $0.12. Grid Metals has a 12 month low of $0.07 and a 12 month high of $0.22.
Grid Metals Company Profile (Get Rating)
Grid Metals Corp. engages in exploring and developing base and precious metal mineral properties in Canada. It explores for nickel, copper, cobalt, lithium and rare metals, and platinum group metals. The company primarily focuses on the East Bull Lake Palladium Property located in Ontario. Its properties also include the Makwa-Mayville Nickel Copper PGM Cobalt Project in Manitoba; and the Bannockburn Nickel Project located in the Sudbury Mining Division, Ontario.
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