Electrum Discovery (CVE:ELY) Stock Price Up 35.7% – Still a Buy?

Shares of Electrum Discovery Corp (CVE:ELY – Get Free Report) rose 35.7% on Monday . The stock traded as high as C$0.10 and last traded at C$0.10. Approximately 1,308,723 shares changed hands during mid-day trading, an increase of 72% from the average daily volume of 759,989 shares. The stock had previously closed at C$0.07.

Electrum Discovery Price Performance

The firm has a market cap of C$11.62 million, a PE ratio of -4.75 and a beta of 0.13. The company has a debt-to-equity ratio of 9.05, a current ratio of 1.73 and a quick ratio of 21.82. The firm has a 50-day simple moving average of C$0.07 and a 200 day simple moving average of C$0.07.

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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