Grizzly Discoveries (CVE:GZD) Shares Down 13.3% – Here’s Why

Grizzly Discoveries Inc. (CVE:GZD)’s share price dropped 13.3% during mid-day trading on Friday . The company traded as low as C$0.06 and last traded at C$0.07. Approximately 114,669 shares changed hands during trading, a decline of 11% from the average daily volume of 129,210 shares. The stock had previously closed at C$0.07.

Grizzly Discoveries Stock Down 13.3%

The stock has a market capitalization of C$15.13 million, a P/E ratio of -6.48 and a beta of 0.89. The firm’s fifty day moving average is C$0.07 and its 200-day moving average is C$0.05. The company has a current ratio of 3.13, a quick ratio of 5.15 and a debt-to-equity ratio of 2.23.

About Grizzly Discoveries

Grizzly Discoveries Inc engages in the acquisition, exploration, and development of precious and base metals properties Canada. The company primarily explores for gold, copper, silver, and cobalt deposits. It holds 100% interests in Greenwood Project covering approximately 180,000 contiguous acres in South-central British Columbia; and the Robocop property comprising of five mineral claims that covers an area of 5,864 acres located in southeastern British Columbia. The company also holds an interest at the Alberta diamond project consisting of two wholly owned claim blocks in the Buffalo Head Hills.