Electrum Discovery (CVE:ELY) Reaches New 12-Month High – What’s Next?

Electrum Discovery Corp (CVE:ELYGet Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$0.12 and last traded at C$0.12, with a volume of 236412 shares trading hands. The stock had previously closed at C$0.09.

Electrum Discovery Stock Performance

The firm has a market capitalization of C$8.51 million and a P/E ratio of -3.83. The business’s 50 day moving average is C$0.07 and its two-hundred day moving average is C$0.07. The company has a quick ratio of 21.82, a current ratio of 1.73 and a debt-to-equity ratio of 9.05.

Electrum Discovery (CVE:ELYGet Free Report) last released its quarterly earnings results on Wednesday, August 28th. The company reported C($0.01) EPS for the quarter. Analysts expect that Electrum Discovery Corp will post -0.01 EPS for the current year.

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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