Electrum Discovery (CVE:ELY) Trading Down 8.7% – Time to Sell?

Electrum Discovery Corp (CVE:ELYGet Free Report)’s share price dropped 8.7% on Friday . The stock traded as low as C$0.10 and last traded at C$0.11. Approximately 541,700 shares were traded during trading, a decline of 5% from the average daily volume of 571,759 shares. The stock had previously closed at C$0.12.

Electrum Discovery Stock Performance

The stock has a market cap of C$12.85 million, a PE ratio of -5.25 and a beta of 0.13. The company’s 50-day moving average price is C$0.11 and its two-hundred day moving average price is C$0.09. 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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