Shares of Electrum Discovery Corp (CVE:ELY – Get Free Report) dropped 15.8% on Thursday . The company traded as low as C$0.08 and last traded at C$0.08. Approximately 1,658,104 shares changed hands during mid-day trading, an increase of 238% from the average daily volume of 490,178 shares. The stock had previously closed at C$0.10.
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 50 day moving average price of C$0.10 and a 200-day moving average price of C$0.10. The firm has a market cap of C$5.92 million and a price-to-earnings ratio of -2.67.
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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