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

Electrum Discovery Corp (CVE:ELY – Get Free Report)’s share price rose 35.7% during mid-day trading on Monday . The company traded as high as C$0.10 and last traded at C$0.10. Approximately 1,308,723 shares traded hands during 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 company has a quick ratio of 21.82, a current ratio of 1.73 and a debt-to-equity ratio of 9.05. The business’s 50 day simple moving average is C$0.07 and its two-hundred day simple moving average is C$0.07. The stock has a market capitalization of C$11.62 million, a P/E 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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