Shares of Electrum Discovery Corp (CVE:ELY – Get Free Report) dropped 31.8% on Wednesday . The stock traded as low as C$0.07 and last traded at C$0.08. Approximately 1,546,401 shares were traded during trading, an increase of 304% from the average daily volume of 382,989 shares. The stock had previously closed at C$0.11.
Electrum Discovery Price Performance
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 stock has a fifty day simple moving average of C$0.13 and a 200-day simple moving average of C$0.10. The company has a market capitalization 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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