East Africa Metals (CVE:EAM) Trading Up 12.5% – Time to Buy?

East Africa Metals Inc. (CVE:EAM)’s share price shot up 12.5% on Wednesday . The stock traded as high as C$0.14 and last traded at C$0.14. 500 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 69,450 shares. The stock had previously closed at C$0.12.

East Africa Metals Stock Up 12.5 %

The company has a market cap of C$29.53 million, a price-to-earnings ratio of -11.72 and a beta of 1.03. The business has a fifty day moving average of C$0.11 and a two-hundred day moving average of C$0.14. The company has a current ratio of 1.05, a quick ratio of 0.26 and a debt-to-equity ratio of 2.03.

About East Africa Metals

East Africa Metals Inc, a mineral exploration company, focuses on the identification, acquisition, exploration, development, and sale of base and precious mineral resource properties in the Federal Democratic Republic of Ethiopia and the United Republic of Tanzania. The company primarily explores for gold, copper, silver, and zinc deposits.