Electrum Discovery Corp (CVE:ELY – Get Free Report) dropped 10.5% on Thursday . The company traded as low as C$0.08 and last traded at C$0.09. Approximately 1,572,104 shares changed hands during trading, an increase of 222% from the average daily volume of 488,745 shares. The stock had previously closed at C$0.10.
Electrum Discovery Stock Down 10.5 %
The company has a market capitalization of C$6.29 million and a price-to-earnings ratio of -2.83. 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’s fifty day moving average price is C$0.10 and its 200-day moving average price is 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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