Electrum Discovery (CVE:ELY) Shares Up 35.7% – What’s Next?
by Danessa Lincoln · The Markets DailyElectrum Discovery Corp (CVE:ELY – Get Free Report) traded up 35.7% during mid-day trading on Monday . The company traded as high as C$0.10 and last traded at C$0.10. 1,308,723 shares traded hands during trading, an increase of 72% from the average session volume of 759,989 shares. The stock had previously closed at C$0.07.
Electrum Discovery Price Performance
The stock has a market capitalization of C$11.62 million, a P/E ratio of -4.75 and a beta of 0.13. The firm has a 50-day moving average price of C$0.07 and a 200 day moving average price of C$0.07. The company has a debt-to-equity ratio of 9.05, a quick ratio of 21.82 and a current ratio of 1.73.
About Electrum Discovery
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.