Electrum Discovery (CVE:ELY) Shares Down 13.3% – Here’s Why

Electrum Discovery Corp (CVE:ELYGet Free Report) was down 13.3% on Tuesday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 219,000 shares were traded during trading, a decline of 10% from the average daily volume of 242,532 shares. The stock had previously closed at C$0.08.

Electrum Discovery Price Performance

The company has a market cap of C$6.43 million, a P/E ratio of -2.17 and a beta of 0.13. The stock’s 50-day moving average price is C$0.07 and its 200-day moving average price is C$0.07. The company has a current ratio of 1.73, a quick ratio of 21.82 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.

Further Reading

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