Grid Metals (TSXV:GRDM) - Stock Price, News & Analysis

GRDM Stock Overview

Grid Metals Corp. engages in exploring and developing base and precious metal mineral properties in Canada.

GRDM fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 74.7% below our estimate of its fair value

Risk Analysis

Earnings have declined by 32.8% per year over past 5 years

Shareholders have been substantially diluted in the past year

Makes less than USD$1m in revenue (CA$0)

Does not have a meaningful market cap (CA$23M)

My Notes

Capture your thoughts, links and company narrative

Grid Metals Corp. Competitors

Amarc Resources

TSXV:AHR

CA$23.3m

Namibia Critical Metals

TSXV:NMI

CA$21.6m

FE Battery Metals

CNSX:FE

CA$24.0m

Rome Resources

TSXV:RMR

CA$23.9m

Price History & Performance

Summary of all time highs, changes and price drops for Grid Metals
Historical stock prices
Current Share Price	CA$0.14
52 Week High	CA$0.24
52 Week Low	CA$0.10
Beta	2.01
1 Month Change	-22.22%
3 Month Change	-17.65%
1 Year Change	-20.00%
3 Year Change	12.00%
5 Year Change	-34.88%
Change since IPO	-98.67%

Recent updates

Shareholder Returns

	GRDM	CA Metals and Mining	CA Market
7D	-6.7%	2.3%	0.6%
1Y	-20.0%	-14.7%	-12.5%

Return vs Industry: GRDM underperformed the Canadian Metals and Mining industry which returned -15.5% over the past year.

Return vs Market: GRDM underperformed the Canadian Market which returned -12.3% over the past year.

Price Volatility

Is GRDM's price volatile compared to industry and market?
GRDM volatility
GRDM Average Weekly Movement	7.8%
Metals and Mining Industry Average Movement	10.4%
Market Average Movement	9.2%
10% most volatile stocks in CA Market	18.0%
10% least volatile stocks in CA Market	3.8%

Stable Share Price: GRDM is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: GRDM's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1997	n/a	Robin Dunbar	https://www.gridmetalscorp.com

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.

Grid Metals Corp. Fundamentals Summary

How do Grid Metals's earnings and revenue compare to its market cap?
GRDM fundamental statistics
Market Cap	CA$23.31m
Earnings (TTM)	-CA$322.38k
Revenue (TTM)	n/a

0.0x

P/S Ratio

-72.3x

P/E Ratio

Is GRDM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
GRDM income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$322.38k
Earnings	-CA$322.38k

Last Reported Earnings

Sep 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0019
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0.5%

How did GRDM perform over the long term?

See historical performance and comparison

GRDM Stock Overview

Rewards

Risk Analysis

Grid Metals Corp. Competitors

TSXV:AHR

CA$23.3m

TSXV:NMI

CA$21.6m

CNSX:FE

CA$24.0m

TSXV:RMR

CA$23.9m

Price History & Performance

Recent News & Updates

Grid Metals Corp Announces Strong Second Wave of Results from the Main Dyke Lithium Drilling

Grid Metals Corp. Announces Initial Drill Results At Donner Lake Lithium Property, Se Manitoba

Grid Metals Corp Announces the Appointment of Patrick Murphy as Director

Grid Metals Corp Completes 15 Drill Holes At Donner Lake Lithium Project

Insufficient new directors

Grid Metals Corp Commences Drilling at Donner Lake Lithium Property

Recent updates

Grid Metals Corp Announces Strong Second Wave of Results from the Main Dyke Lithium Drilling

Grid Metals Corp. Announces Initial Drill Results At Donner Lake Lithium Property, Se Manitoba

Grid Metals Corp Announces the Appointment of Patrick Murphy as Director

Grid Metals Corp Completes 15 Drill Holes At Donner Lake Lithium Project

Insufficient new directors

Grid Metals Corp Commences Drilling at Donner Lake Lithium Property

Grid Metals Corp., Annual General Meeting, Nov 23, 2022

Grid Metals Corp. announced that it has received CAD 8.52 million in funding from Primero Group Limited, American Metals & Coal International, Inc., Churchill Strategic Investments Group Pty Ltd, Lithium Royalty Corp., Waratah Capital Advisors Ltd.

Grid Metals Corp. announced that it has received CAD 8.52 million in funding from Primero Group Limited, American Metals & Coal International, Inc., Churchill Strategic Investments Group Pty Ltd, Lithium Royalty Corp., Waratah Capital Advisors Ltd.

Grid Metals Corp. announced that it expects to receive $8.52 million in funding from Primero Group Limited, American Metals & Coal International, Inc.

Grid Metals Corp. Reports the Results from the Final Three Holes Completed in the Phase 1 Drill Program At Its Donner Lake Lithium Property in Southeastern Manitoba

Grid Metals Corp. Reports Additional Drilling Results from the Phase 1 Drill Program At Its Donner Lake Lithium Property

Canada Nickel Company Inc. (TSXV:CNC) entered into an agreement to acquire Bannockburn Nickel Property Located Near Matachewan Ontario from Grid Metals Corp. (TSXV:GRDM).

Grid Metals Corp. Reports Results for Three Additional Holes from the Recently Completed Phase 1 Drill Program at its Donner Lake Lithium Property in Southeastern Manitob

Price target decreased to CA$0.47

Insufficient new directors

Grid Metals Corp. Reports Additional Diamond Drill Results from the 2022 Lithium Exploration Program At Its Donner Lake Lithium Property in Southeastern Manitoba

Grid Metals Corp. Provides Drill Update on its Makwa Nickel Property

Grid Metals Intersects 13.75 Metres of 1.53% Li2O and 8.0 Metres of 1.47% in First Two Holes At the Donner Lake Lithium Property Manitoba Canada

Grid Metals Corp. Provides an Update on its Nickel-Copper-PGM Sulfide and Lithium Pegmatite Exploration Properties

Grid Metals Corp. Provides Drilling Underway at Grid Metals Manitoba Nickel Targets

Grid Metals Corp. Reports Wide Zones of Nickel Mineralization and Higher Grade Core At Bannockburn Nickel Property

Grid Metals Corp. announced that it has received CAD 1.650356 million in funding from Lithium Royalty Corp.

Grid Provides Manitoba Project Update

Grid Metals Corp. Announces Positive Metallurgical Test Results and Initial Rhodium Assays for East Bull Lake

Grid Metals Corp. Provides Update on Exploration Activities At Bannockburn Nickel and East Bull Lake Palldium Properties

Grid Metals Reports New Drill Results from East Bull Lake Palladium Property

Grid Metals Corp. announced that it has received CAD 3.5 million in funding

Grid Metals Corp. Reports New Results from Three Additional Drill Holes from the Central Parisien Lake Zone

Grid Metals Commences Drilling At Bannockburn Nickel Project

Grid Metals Corp. Provides New Drill Results from East Bull Lake

Grid Metals Corp. Files NI 43-101 Report on Bannockburn Nickel Property

New 90-day high: CA$0.26

Grid Metals Corp. Announces Further Drilling Results from Its Fall 2020 Program At Its 100% Owned East Bull Lake Palladium Property in Ontario

Grid Metals Corp. Commences Drill Program At East Bull Lake Palladium Property

Grid Metals Corp. announced that it has received CAD 2.742965 million in funding

Grid Metals Corp. announced that it expects to receive CAD 2.25 million in funding

Grid Metals Makes Significant Palladium Discovery at East Bull Lake

Grid Metals Corp., Annual General Meeting, Jan 06, 2021

Grid Metals Corp. Provides an Update Regarding its 2020 Exploration Program at its 100% Owned East Bull Lake Palladium Property in Ontario

Grid Metals Corp. Provides Further Update at East Bull Lake Drilling Commences

Shareholder Returns

Price Volatility

About the Company

Grid Metals Corp. Fundamentals Summary

0.0x

-72.3x

Earnings & Revenue