Electrum Discovery (CVE:ELY) Trading Down 21.1% – What’s Next?

Electrum Discovery Corp (CVE:ELYGet Free Report) shares were down 21.1% during trading on Tuesday . The company traded as low as C$0.07 and last traded at C$0.08. Approximately 529,463 shares traded hands during mid-day trading, a decline of 11% from the average daily volume of 597,376 shares. The stock had previously closed at C$0.10.

Electrum Discovery Price Performance

The company has a current ratio of 1.73, a quick ratio of 21.82 and a debt-to-equity ratio of 9.05. The stock has a market capitalization of C$9.79 million, a price-to-earnings ratio of -4.00 and a beta of 0.13. The stock has a 50-day moving average price of C$0.07 and a 200 day moving average price of C$0.07.

About Electrum Discovery

(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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