Electrum Discovery (CVE:ELY) Stock Price Down 14.3% – What’s Next?

Shares of Electrum Discovery Corp (CVE:ELYGet Free Report) were down 14.3% on Saturday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 741,900 shares changed hands during mid-day trading, an increase of 77% from the average daily volume of 420,225 shares. The stock had previously closed at C$0.07.

Electrum Discovery Stock Down 14.3 %

The business has a fifty day moving average price of C$0.12 and a two-hundred day moving average price of C$0.10. The company has a debt-to-equity ratio of 9.05, a current ratio of 1.73 and a quick ratio of 21.82. The firm has a market capitalization of C$4.44 million and a price-to-earnings ratio of -2.00.

About Electrum Discovery

(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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