Shares of East Africa Metals Inc. (CVE:EAM – Get Free Report) dropped 7.1% on Monday . The stock traded as low as C$0.20 and last traded at C$0.20. Approximately 16,000 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 87,852 shares. The stock had previously closed at C$0.21.
East Africa Metals Stock Performance
The company has a current ratio of 0.74, a quick ratio of 0.26 and a debt-to-equity ratio of 4.09. The firm has a market capitalization of C$45.24 million, a price-to-earnings ratio of -10.50 and a beta of 1.08. The stock has a fifty day moving average price of C$0.24 and a 200-day moving average price of C$0.18.
About East Africa Metals
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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