Electrum Discovery (CVE:ELY) Trading Down 31.8% – What’s Next?

Shares of Electrum Discovery Corp (CVE:ELYGet Free Report) traded down 31.8% during trading on Wednesday . The company traded as low as C$0.07 and last traded at C$0.08. 2,856,043 shares were traded during mid-day trading, an increase of 578% from the average session volume of 421,121 shares. The stock had previously closed at C$0.11.

Electrum Discovery Stock Down 36.4 %

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 business’s 50 day moving average is C$0.13 and its 200 day moving average is C$0.10. The company has a market capitalization of C$5.18 million and a price-to-earnings ratio of -2.33.

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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