Electrum Discovery (CVE:ELY) Shares Down 13.3% – Here’s What Happened

Electrum Discovery Corp (CVE:ELY – Get Free Report) was down 13.3% during mid-day trading on Tuesday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 202,000 shares traded hands during trading, a decline of 16% from the average daily volume of 241,759 shares. The stock had previously closed at C$0.08.

Electrum Discovery Price Performance

The firm has a market cap of C$6.43 million, a P/E ratio of -2.17 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’s 50 day moving average is C$0.07 and its 200 day moving average is 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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