Electrum Discovery (CVE:ELY) Shares Down 15.8% – What’s Next?

Electrum Discovery Corp (CVE:ELYGet Free Report)’s share price fell 15.8% on Friday . The stock traded as low as C$0.08 and last traded at C$0.08. 1,658,104 shares traded hands during trading, an increase of 238% from the average session volume of 490,178 shares. The stock had previously closed at C$0.10.

Electrum Discovery Price Performance

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 is C$0.10 and its two-hundred day moving average is C$0.10. The company has a current ratio of 1.73, a quick ratio of 21.82 and a debt-to-equity ratio of 9.05.

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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