Electrum Discovery (CVE:ELY) Trading Down 21.1% – Here’s Why

Electrum Discovery Corp (CVE:ELYGet Free Report) shares were down 21.1% during trading on Tuesday . The stock traded as low as C$0.07 and last traded at C$0.08. Approximately 992,463 shares were traded during mid-day trading, an increase of 19% from the average daily volume of 834,480 shares. The stock had previously closed at C$0.10.

Electrum Discovery Price Performance

The company has a market capitalization of C$10.40 million, a P/E ratio of -4.25 and a beta of 0.13. The stock’s fifty day simple moving average is C$0.07 and its 200-day simple moving average is C$0.07. The company has a debt-to-equity ratio of 9.05, a current ratio of 1.73 and a quick ratio of 21.82.

Electrum Discovery Company Profile

(Get Free Report)

Electrum Discovery Corp. operates as a mineral exploration and development company. It focuses on the Western Tethyan Belt with activities in the Republic of Serbia. The company's flagship project is the copper-gold Timok East Project. The company is based in Vancouver, Canada.

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