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flag Granada Gold Mine shares surged 33% on high volume, but the reason remains unclear.

flag Granada Gold Mine (CVE:GGM) shares jumped 33.3% to C$0.06 on Friday, fueled by a surge in trading volume—252% above average. flag The stock, which closed at C$0.05 the previous day, has a market cap of C$9.91 million and holds a 100% interest in the Granada gold property in Quebec. flag Its 50-day and 200-day moving averages are both C$0.03, with a beta of 3.49 indicating high volatility and a negative P/E ratio of -4.62. flag The cause of the rally remains unexplained.

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