Electrum Discovery (CVE:ELY) Shares Up 11.1% – Still a Buy?

Electrum Discovery Corp (CVE:ELYGet Free Report)’s share price rose 11.1% during mid-day trading on Thursday . The company traded as high as C$0.10 and last traded at C$0.10. Approximately 2,051,230 shares were traded during trading, an increase of 71% from the average daily volume of 1,201,845 shares. The stock had previously closed at C$0.09.

Electrum Discovery Stock Up 11.1%

The firm has a market capitalization of C$12.24 million, a price-to-earnings ratio of -5.00 and a beta of 0.13. The company has a quick ratio of 21.82, a current ratio of 1.73 and a debt-to-equity ratio of 9.05. The company’s 50 day moving average price is C$0.07 and its 200 day moving average price is C$0.07.

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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