Granada Gold Mine (CVE:GGM) Shares Surge 50% – Here’s What Happened

Granada Gold Mine Inc. (CVE:GGM) experienced a remarkable surge in its stock price, climbing by 50% during mid-day trading on Tuesday. The stock reached a peak of C$0.03 before settling at the same price for the last trade. During this period, a total of 160,342 shares exchanged hands, representing an impressive increase of 86% from the typical trading volume of 86,252 shares. Prior to this surge, the stock had closed at C$0.02.

Granada Gold Mine Price Performance

The stock's performance can be evaluated through its moving averages, with the 50-day simple moving average standing at C$0.03 and the 200-day simple moving average also at C$0.03. Granada Gold Mine boasts a market capitalization of C$4.76 million, maintaining a price-to-earnings (P/E) ratio of -3.00, along with a beta of 2.55, indicating a higher level of volatility compared to the market.

About Granada Gold Mine

Granada Gold Mine Inc. is a junior mining and exploration company that primarily focuses on the acquisition, exploration, and development of mineral properties within Canada. The company's main interest lies in gold deposits. It holds 100% interest in the Granada gold property, which encompasses 14.73 square kilometers of land, including various mining leases and claims situated in Rouyn-Noranda, Quebec.

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Granada, Mining, Stocks