Electrum Discovery (CVE:ELY) Stock Price Up 5% – Still a Buy?

Electrum Discovery Corp (CVE:ELYGet Free Report) was up 5% on Friday . The company traded as high as C$0.11 and last traded at C$0.11. 5,000 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 112,089 shares. The stock had previously closed at C$0.10.

Electrum Discovery Stock Performance

The company has a market capitalization of C$7.77 million and a price-to-earnings ratio of -3.50. The firm has a fifty day simple moving average of C$0.10 and a 200 day simple moving average of C$0.08. The company has a debt-to-equity ratio of 9.05, a current ratio of 1.73 and a quick ratio of 21.82.

Electrum Discovery (CVE:ELYGet Free Report) last released its quarterly earnings results on Wednesday, August 28th. The company reported C($0.01) earnings per share (EPS) for the quarter. On average, analysts anticipate that Electrum Discovery Corp will post -0.01 earnings per share for the current fiscal year.

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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