Eloro Resources (CVE:ELO) Trading Up 5.4% – Should You Buy?

Eloro Resources Ltd. (CVE:ELO) shares traded up 5.4% on Tuesday . The company traded as high as C$3.55 and last traded at C$3.50. 144,360 shares traded hands during mid-day trading, an increase of 36% from the average session volume of 106,080 shares. The stock had previously closed at C$3.32.

Eloro Resources Price Performance

The company has a market cap of C$260.58 million, a price-to-earnings ratio of -18.42 and a beta of 1.46. The company has a 50-day simple moving average of C$3.50 and a 200-day simple moving average of C$3.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 3.75 and a current ratio of 2.82.

About Eloro Resources

Eloro Resources Ltd. engages in the exploration and development of mineral properties. It explores for gold, silver, copper, lead, zinc, tin, bismuth, indium, and other base metal properties. The company holds 99% interest in the Iska Iska project, a polymetallic property consisting of one mineral concession covering an area of approximately 900 hectares located in Potosi Department, southern Bolivia; and 82% interest in the La Victoria Gold/Silver project that consists of 16 concessions covering an area of 8,933 hectares located in the North-Central Mineral Belt of Peru.