Electrum Discovery (CVE:ELY) Trading Down 36.4% – Here’s What Happened

Electrum Discovery Corp (CVE:ELY)’s stock price dropped 36.4% during mid-day trading on Wednesday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 2,866,043 shares were traded during 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 Price Performance

The company has a current ratio of 1.73, a quick ratio of 21.82 and a debt-to-equity ratio of 9.05. The firm has a market capitalization of C$5.18 million and a PE ratio of -2.33. The company has a fifty day moving average price of C$0.13 and a two-hundred day moving average price of C$0.10.

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.