Electrum Discovery (CVE:ELY) Hits New 52-Week High – Here’s Why

Electrum Discovery Corp (CVE:ELY)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as C$0.12 and last traded at C$0.12, with a volume of 5925 shares. The stock had previously closed at C$0.10.

Electrum Discovery Stock Performance

The company has a market capitalization of C$7.40 million and a price-to-earnings ratio of -3.83. The stock’s 50 day moving average price is C$0.08 and its 200 day moving average price is C$0.07. The company has a current ratio of 1.73, a quick ratio of 21.82 and a debt-to-equity ratio of 9.05.

Electrum Discovery (CVE:ELY) last posted its quarterly earnings results on Wednesday, August 28th. The company reported C($0.01) earnings per share for the quarter. Analysts expect that Electrum Discovery Corp will post -0.01 earnings per share for the current year.

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.