Electrum Discovery (CVE:ELY) Trading Down 10.5% – What’s Next?

Electrum Discovery Corp (CVE:ELYGet Free Report)’s stock price was down 10.5% during mid-day trading on Thursday . The company traded as low as C$0.09 and last traded at C$0.09. Approximately 637,404 shares traded hands during trading, an increase of 37% from the average daily volume of 466,880 shares. The stock had previously closed at C$0.10.

Electrum Discovery Price Performance

The company has a debt-to-equity ratio of 9.05, a quick ratio of 21.82 and a current ratio of 1.73. The stock’s fifty day simple moving average is C$0.10 and its two-hundred day simple moving average is C$0.10. The company has a market capitalization of C$5.92 million and a price-to-earnings ratio of -2.67.

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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