Electrum Discovery (CVE:ELY) Shares Down 21.1% – Should You Sell?
by Scott Moore · The Cerbat GemElectrum Discovery Corp (CVE:ELY – Get Free Report)’s share price was down 21.1% during trading on Tuesday . The stock traded as low as C$0.07 and last traded at C$0.08. Approximately 529,463 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 597,376 shares. The stock had previously closed at C$0.10.
Electrum Discovery Stock Performance
The company has a current ratio of 1.73, a quick ratio of 21.82 and a debt-to-equity ratio of 9.05. The company has a market cap of C$11.62 million, a PE ratio of -4.75 and a beta of 0.13. The firm’s 50-day simple moving average is C$0.07 and its two-hundred day simple moving average is C$0.07.
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.