Grid Metals shares surged 20.7% on Thursday, reaching C$0.19, on heavy trading volume.

Grid Metals (CVE:GRDM) shares jumped 20.7% on Thursday, closing at C$0.18 after reaching a intraday high of C$0.19, with trading volume surging to 879,200 shares—403% above average. The Canadian junior mining company, focused on nickel, copper, cobalt, lithium, and platinum group metals, particularly the East Bull Lake Palladium property in Ontario, has a market cap of C$35.77 million. Financial metrics include a debt-to-equity ratio of 97.17, a current ratio of 1.44, and a beta of 1.38. The cause of the stock’s rise was not specified.