Electrum Discovery Corp (CVE:ELY – Get Free Report)’s stock price dropped 31.8% on Wednesday . The stock traded as low as C$0.07 and last traded at C$0.08. Approximately 2,324,401 shares were traded during mid-day trading, an increase of 471% from the average daily volume of 407,283 shares. The stock had previously closed at C$0.11.
Electrum Discovery Stock Down 6.7 %
The firm’s 50 day moving average price is C$0.13 and its two-hundred day moving average price is C$0.10. The company has a market cap of C$5.18 million and a P/E ratio of -2.33. The company has a debt-to-equity ratio of 9.05, a quick ratio of 21.82 and a current ratio of 1.73.
About Electrum Discovery
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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