Granada Gold Mine shares jumped 33%–40% on Monday amid unexplained trading volume surge.

Granada Gold Mine (CVE:GGM) shares surged 33% to 40% on Monday, closing between C$0.10 and C$0.11, up from C$0.08, with trading volume soaring to between 1.27 million and 3.07 million shares—up to 684% above average. The stock, which holds a 100% interest in the Granada gold property in Quebec, has a market cap of C$17.34 million, a negative P/E ratio of -10.50, and a beta of 3.62, indicating high volatility. The 50-day and 200-day moving averages are C$0.05 and C$0.04, respectively. The cause of the price increase remains unexplained in the reports.