Electrum Discovery (CVE:ELY) Trading Up 27.3% – Time to Buy?

Electrum Discovery Corp (CVE:ELYGet Free Report) shares shot up 27.3% during mid-day trading on Friday . The stock traded as high as C$0.14 and last traded at C$0.14. 311,595 shares changed hands during trading, an increase of 159% from the average session volume of 120,525 shares. The stock had previously closed at C$0.11.

Electrum Discovery Stock Up 18.2 %

The company has a 50 day moving average price of C$0.10 and a 200-day moving average price of C$0.08. The stock has a market capitalization of C$9.62 million and a PE ratio of -4.33. 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 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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