Electrum Discovery (CVE:ELY) Trading Down 36.4% – Time to Sell?

Electrum Discovery Corp (CVE:ELYGet Free Report) shares were down 36.4% during mid-day trading on Thursday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 2,866,043 shares were traded during mid-day trading, an increase of 572% from the average daily volume of 426,508 shares. The stock had previously closed at C$0.11.

Electrum Discovery Trading Down 36.4 %

The stock’s 50 day moving average is C$0.13 and its 200-day moving average is C$0.10. The company has a market cap of C$5.18 million and a P/E ratio of -2.33. The company has a current ratio of 1.73, a quick ratio of 21.82 and a debt-to-equity ratio of 9.05.

About Electrum Discovery

(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.

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