Electrum Discovery (CVE:ELY) Shares Down 21.1% – Here’s Why

Electrum Discovery Corp (CVE:ELYGet Free Report) was down 21.1% on Tuesday . The company traded as low as C$0.07 and last traded at C$0.08. Approximately 992,463 shares were traded during mid-day trading, an increase of 19% from the average daily volume of 834,480 shares. The stock had previously closed at C$0.10.

Electrum Discovery Trading Up 5.6%

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 business’s fifty day moving average is C$0.07 and its two-hundred day moving average is C$0.07. The firm has a market cap of C$11.62 million, a price-to-earnings ratio of -4.75 and a beta of 0.13.

Electrum Discovery Company Profile

(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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