Electrum Discovery (CVE:ELY) Trading Down 27.3% – Should You Sell?

Electrum Discovery Corp (CVE:ELYGet Free Report)’s stock price dropped 27.3% on Wednesday . The company traded as low as C$0.07 and last traded at C$0.08. Approximately 2,645,401 shares traded hands during mid-day trading, an increase of 530% from the average daily volume of 420,018 shares. The stock had previously closed at C$0.11.

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 firm has a market cap of C$5.18 million and a price-to-earnings ratio of -2.33. The stock has a 50-day moving average of C$0.13 and a two-hundred day moving average of C$0.10.

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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