Electrum Discovery (CVE:ELY) Stock Price Up 21.4% – Time to Buy?

Electrum Discovery Corp (CVE:ELY – Get Free Report)’s stock price rose 21.4% during mid-day trading on Monday . The company traded as high as C$0.09 and last traded at C$0.09. Approximately 1,231,723 shares traded hands during mid-day trading, an increase of 186% from the average daily volume of 430,489 shares. The stock had previously closed at C$0.07.

Electrum Discovery Stock Performance

The stock has a fifty day moving average price of C$0.07 and a 200 day moving average price of C$0.07. The company has a current ratio of 1.73, a quick ratio of 21.82 and a debt-to-equity ratio of 9.05. The firm has a market cap of C$11.62 million, a price-to-earnings ratio of -4.75 and a beta of 0.13.

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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