Electrum Discovery (CVE:ELY) Shares Down 15.4% – What’s Next?

Electrum Discovery Corp (CVE:ELYGet Free Report) shares dropped 15.4% on Thursday . The stock traded as low as C$0.06 and last traded at C$0.06. Approximately 171,500 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 245,825 shares. The stock had previously closed at C$0.07.

Electrum Discovery Stock Down 15.4%

The stock has a market cap of C$5.44 million, a price-to-earnings ratio of -1.83 and a beta of 0.13. The firm’s fifty day moving average price is C$0.07 and its two-hundred day moving average price is C$0.07. The company has a debt-to-equity ratio of 9.05, a current ratio of 1.73 and a quick ratio of 21.82.

Electrum Discovery Company Profile

(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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