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

Electrum Discovery Corp (CVE:ELY) shares traded down 10.5% during mid-day trading on Thursday . The stock traded as low as C$0.08 and last traded at C$0.09. 1,572,104 shares changed hands during mid-day trading, an increase of 222% from the average session volume of 488,570 shares. The stock had previously closed at C$0.10.

Electrum Discovery Stock Performance

The stock has a 50-day moving average price of C$0.10 and a 200 day moving average price of C$0.10. 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 firm has a market capitalization of C$5.92 million and a price-to-earnings ratio of -2.67.

Electrum Discovery Company Profile

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.