Shares of Electrum Discovery Corp (CVE:ELY – Get Free Report) dropped 14.3% during mid-day trading on Saturday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 741,900 shares traded hands during mid-day trading, an increase of 77% from the average daily volume of 420,225 shares. The stock had previously closed at C$0.07.
Electrum Discovery Stock Down 14.3 %
The company has a debt-to-equity ratio of 9.05, a quick ratio of 21.82 and a current ratio of 1.73. The company has a market cap of C$4.44 million and a price-to-earnings ratio of -2.00. The business has a 50-day simple moving average of C$0.12 and a 200-day simple moving average 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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