Electrum Discovery (CVE:ELY) Stock Price Down 10.5% – What’s Next?

Electrum Discovery Corp (CVE:ELY)’s stock price was down 10.5% during trading on Thursday . The stock traded as low as C$0.08 and last traded at C$0.09. Approximately 1,572,104 shares traded hands during mid-day trading, an increase of 222% from the average daily volume of 488,570 shares. The stock had previously closed at C$0.10.

Electrum Discovery Trading Down 10.5 %

The company has a debt-to-equity ratio of 9.05, a quick ratio of 21.82 and a current ratio of 1.73. The stock has a fifty day moving average of C$0.10 and a 200 day moving average of C$0.10. The company has a market capitalization of C$6.29 million and a P/E ratio of -2.83.

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.