Electrum Discovery (CVE:ELY) Trading Down 13.3% – Here’s Why

Electrum Discovery Corp (CVE:ELYGet Free Report) fell 13.3% during trading on Tuesday . The company traded as low as C$0.07 and last traded at C$0.07. 219,000 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 242,606 shares. The stock had previously closed at C$0.08.

Electrum Discovery Stock Performance

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 firm has a 50-day moving average of C$0.07 and a 200 day moving average of C$0.07. The stock has a market capitalization of C$6.43 million, a P/E ratio of -2.17 and a beta of 0.13.

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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