Electrum Discovery Corp (CVE:ELY – Get Free Report)’s share price traded down 27.3% on Wednesday . The company traded as low as C$0.07 and last traded at C$0.08. 2,645,401 shares traded hands during mid-day trading, an increase of 530% from the average session volume of 420,018 shares. The stock had previously closed at C$0.11.
Electrum Discovery Stock Performance
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 cap of C$5.18 million and a price-to-earnings ratio of -2.33. The business’s 50-day simple moving average is C$0.13 and its two-hundred day simple moving average 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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