Electrum Discovery (CVE:ELY) Stock Price Down 10.5% – Time to Sell?

Electrum Discovery Corp (CVE:ELYGet Free Report)’s stock price was down 10.5% on Thursday . The stock traded as low as C$0.09 and last traded at C$0.09. Approximately 637,404 shares changed hands during mid-day trading, an increase of 37% from the average daily volume of 466,880 shares. The stock had previously closed at C$0.10.

Electrum Discovery Stock Performance

The firm’s 50-day simple moving average is C$0.10 and its 200 day simple moving average is C$0.10. The stock has a market cap of C$5.92 million and a P/E ratio of -2.67. The company has a current ratio of 1.73, a quick ratio of 21.82 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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