Eloro Resources (CVE:ELO) Shares Down 23.1%

Shares of Eloro Resources Ltd. (CVE:ELO) traded down 23.1% during mid-day trading on Tuesday . The company traded as low as C$3.71 and last traded at C$3.72. 458,598 shares traded hands during trading, an increase of 74% from the average session volume of 263,565 shares. The stock had previously closed at C$4.84.

The stock’s 50-day moving average price is C$3.57 and its 200-day moving average price is C$2.09. The company has a market capitalization of C$198.62 million and a price-to-earnings ratio of -89.07. The company has a quick ratio of 2.45, a current ratio of 2.80 and a debt-to-equity ratio of 0.85.

Eloro Resources Company Profile (CVE:ELO)

Eloro Resources Ltd., an exploration stage company, engages in the exploration and development of mineral properties in Bolivia, Peru, and Quebec. The company explores for gold, silver, copper, lead, zinc, and other base metal properties. Its principal property is the Iska Iska Project, a polymetallic property consisting of one mineral concession totaling 900 hectares located in Potosi Department, Southern Bolivia.

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