Electrum Discovery (CVE:ELY) Trading Down 31.8% – Time to Sell?

Electrum Discovery Corp (CVE:ELYGet Free Report)’s share price fell 31.8% during mid-day trading on Wednesday . The stock traded as low as C$0.07 and last traded at C$0.08. 1,546,401 shares were traded during mid-day trading, an increase of 304% from the average session volume of 382,989 shares. The stock had previously closed at C$0.11.

Electrum Discovery Stock Performance

The company has a quick ratio of 21.82, a current ratio of 1.73 and a debt-to-equity ratio of 9.05. The stock has a market cap of C$5.92 million and a price-to-earnings ratio of -2.67. The company’s 50-day simple moving average is C$0.13 and its 200-day simple moving average is C$0.10.

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.

Further Reading

Receive News & Ratings for Electrum Discovery Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electrum Discovery and related companies with MarketBeat.com's FREE daily email newsletter.