East Africa Metals (CVE:EAM) Shares Up 4% – Should You Buy?

Shares of East Africa Metals Inc. (CVE:EAM) traded up 4% during trading on Monday . The company traded as high as C$0.13 and last traded at C$0.13. 500 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 88,016 shares. The stock had previously closed at C$0.13.

East Africa Metals Price Performance

The company has a debt-to-equity ratio of 4.03, a current ratio of 0.82 and a quick ratio of 0.26. The company has a fifty day moving average price of C$0.15 and a 200 day moving average price of C$0.20. The company has a market capitalization of C$28.01 million, a P/E ratio of -6.50 and a beta of 1.03.

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.