Grid Metals Corp. (OTCMKTS:MSMGF – Get Rating) was the target of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 5,900 shares, a drop of 69.1% from the May 15th total of 19,100 shares. Based on an average trading volume of 34,400 shares, the short-interest ratio is presently 0.2 days.

Shares of MSMGF stock traded up $0.00 during mid-day trading on Friday, reaching $0.12. The company’s stock had a trading volume of 16,451 shares, compared to its average volume of 86,473. The company’s 50 day simple moving average is $0.15 and its 200-day simple 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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