Electrum Discovery (CVE:ELY) Shares Down 10.5% – Should You Sell?

Electrum Discovery Corp (CVE:ELYGet Free Report) shares traded down 10.5% during trading on Thursday . The stock traded as low as C$0.09 and last traded at C$0.09. 726,404 shares were traded during trading, an increase of 55% from the average session volume of 467,870 shares. The stock had previously closed at C$0.10.

Electrum Discovery Price Performance

The company has a debt-to-equity ratio of 9.05, a current ratio of 1.73 and a quick ratio of 21.82. The firm has a market capitalization of C$6.29 million and a price-to-earnings ratio of -2.83. 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.

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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