Electrum Discovery Corp (CVE:ELY – Get Free Report)’s share price dropped 31.8% during trading on Wednesday . The company traded as low as C$0.07 and last traded at C$0.08. Approximately 2,526,401 shares changed hands during trading, an increase of 510% from the average daily volume of 414,386 shares. The stock had previously closed at C$0.11.
Electrum Discovery Stock Performance
The firm has a market capitalization of C$5.18 million and a price-to-earnings ratio of -2.33. The company has a quick ratio of 21.82, a current ratio of 1.73 and a debt-to-equity ratio of 9.05. The stock has a 50-day moving average price of C$0.13 and a 200 day moving average price of C$0.10.
About Electrum Discovery
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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