Electrum Discovery Corp (CVE:ELY – Get Free Report) shares dropped 31.8% on Wednesday . The stock traded as low as C$0.07 and last traded at C$0.08. Approximately 2,856,043 shares changed hands during trading, an increase of 578% from the average daily volume of 421,121 shares. The stock had previously closed at C$0.11.
Electrum Discovery Trading Down 6.7 %
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’s 50 day moving average is C$0.13 and its two-hundred day moving average is C$0.10. The stock has a market cap of C$5.18 million and a price-to-earnings ratio of -2.33.
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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