East Africa Metals (CVE:EAM) Shares Up 11.8% – What’s Next?

East Africa Metals Inc. (CVE:EAMGet Free Report) shares rose 11.8% during trading on Friday . The company traded as high as C$0.19 and last traded at C$0.19. Approximately 106,000 shares changed hands during mid-day trading, an increase of 14% from the average daily volume of 92,657 shares. The stock had previously closed at C$0.17.

East Africa Metals Stock Performance

The company has a debt-to-equity ratio of 4.03, a quick ratio of 0.26 and a current ratio of 0.82. The stock’s 50-day moving average is C$0.18 and its 200 day moving average is C$0.20. The firm has a market cap of C$40.93 million, a P/E ratio of -8.50 and a beta of 1.03.

About East Africa Metals

(Get Free Report)

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.

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