East Africa Metals Inc. (CVE:EAM – Get Free Report) rose 10% during mid-day trading on Wednesday . The company traded as high as C$0.11 and last traded at C$0.11. Approximately 107,500 shares traded hands during mid-day trading, an increase of 44% from the average daily volume of 74,584 shares. The stock had previously closed at C$0.10.
East Africa Metals Price Performance
The company’s 50-day simple moving average is C$0.11 and its 200 day simple moving average is C$0.12. The company has a market capitalization of C$24.07 million, a P/E ratio of -9.55 and a beta of 1.03. The company has a quick ratio of 0.26, a current ratio of 1.05 and a debt-to-equity ratio of 2.03.
About East Africa Metals
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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