Electrum Discovery (CVE:ELY) Trading Down 15.8% – Time to Sell?

Electrum Discovery Corp (CVE:ELYGet Free Report)’s share price was down 15.8% during mid-day trading on Thursday . The company traded as low as C$0.08 and last traded at C$0.08. Approximately 1,658,104 shares were traded during mid-day trading, an increase of 238% from the average daily volume of 490,178 shares. The stock had previously closed at C$0.10.

Electrum Discovery Stock Down 15.8 %

The firm has a market cap of C$5.92 million and a P/E ratio of -2.67. The firm’s 50-day moving average price is C$0.10 and its 200 day moving average price is C$0.10. The company has a debt-to-equity ratio of 9.05, a current ratio of 1.73 and a quick ratio of 21.82.

Electrum Discovery Company Profile

(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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