Electrum Discovery (CVE:ELY) Trading Down 31.8% – Here’s Why

Shares of Electrum Discovery Corp (CVE:ELYGet Free Report) traded down 31.8% on Wednesday . The company traded as low as C$0.07 and last traded at C$0.08. 2,324,401 shares were traded during trading, an increase of 471% from the average session volume of 407,283 shares. The stock had previously closed at C$0.11.

Electrum Discovery Trading Down 31.8 %

The business has a 50-day moving average price of C$0.13 and a two-hundred day moving average price of C$0.10. The company has a market cap of C$5.55 million and a P/E ratio of -2.50. 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 Company Profile

(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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