East Africa Metals Inc. (CVE:EAM – Get Free Report) shares dropped 8% during mid-day trading on Tuesday . The stock traded as low as C$0.23 and last traded at C$0.23. Approximately 112,800 shares changed hands during mid-day trading, an increase of 14% from the average daily volume of 99,195 shares. The stock had previously closed at C$0.25.
East Africa Metals Price Performance
The company has a quick ratio of 0.26, a current ratio of 0.78 and a debt-to-equity ratio of 3.97. The company’s fifty day moving average price is C$0.23 and its two-hundred day moving average price is C$0.14. The company has a market cap of C$44.03 million, a price-to-earnings ratio of -23.00 and a beta of 0.81.
East Africa Metals Company Profile
East Africa Metals Inc, a mineral exploration company, focuses on the identification, acquisition, exploration, development, and sale of base and precious mineral resource properties in the Federal Democratic Republic of Ethiopia and the United Republic of Tanzania. The company primarily explores for gold, copper, silver, and zinc deposits.
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