Electrum Discovery (CVE:ELY) Shares Down 10.5% – Here’s Why

Electrum Discovery Corp (CVE:ELYGet Free Report)’s share price traded down 10.5% during trading on Thursday . The stock traded as low as C$0.08 and last traded at C$0.09. 1,572,104 shares were traded during mid-day trading, an increase of 222% from the average session volume of 488,745 shares. The stock had previously closed at C$0.10.

Electrum Discovery Stock Performance

The company has a market cap of C$5.92 million and a P/E ratio of -2.67. The stock has a 50 day moving average price of C$0.10 and a two-hundred day moving average price of C$0.10. The company has a quick ratio of 21.82, a current ratio of 1.73 and a debt-to-equity ratio of 9.05.

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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