Electrum Discovery (CVE:ELY) Shares Up 21.4% – Here’s Why

Electrum Discovery Corp (CVE:ELY – Get Free Report) shares were up 21.4% during mid-day trading on Monday . The company traded as high as C$0.09 and last traded at C$0.09. Approximately 831,723 shares changed hands during mid-day trading, an increase of 168% from the average daily volume of 310,238 shares. The stock had previously closed at C$0.07.

Electrum Discovery Trading Up 5.9%

The company has a market capitalization of C$11.01 million, a P/E ratio of -4.50 and a beta of 0.13. The company has a 50-day simple moving average of C$0.07 and a 200 day simple moving average of C$0.07. 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

(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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