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

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

Grid Metals Stock Performance

MSMGF remained flat at $0.05 during trading on Thursday. Grid Metals has a 1-year low of $0.04 and a 1-year high of $0.14. The stock’s 50 day moving average is $0.05 and its 200-day moving average is $0.07.

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.