Grid Metals Corp. (OTCMKTS:MSMGF) Sees Large Increase in Short Interest

Grid Metals Corp. (OTCMKTS:MSMGF) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 9,000 shares, an increase of 4,400.0% from the March 31st total of 200 shares. Based on an average trading volume of 6,000 shares, the days-to-cover ratio is currently 1.5 days.

Grid Metals Stock Performance

OTCMKTS:MSMGF opened at $0.05 on Friday. Grid Metals has a 52 week low of $0.04 and a 52 week high of $0.14. The stock’s 50-day moving average price is $0.05 and its 200-day moving average price is $0.06.

Grid Metals Company Profile

Grid Metals Corp. engages in the exploring and developing base and precious metal mineral properties in Canada. It explores for nickel, copper, cobalt, lithium, and platinum group metals. The company primarily focuses on the East Bull Lake Palladium property that consists of unpatented mining claims located in Ontario.