East Africa Metals (CVE:EAM) Reaches New 1-Year Low – Should You Sell?

Shares of East Africa Metals Inc. (CVE:EAMGet Free Report) reached a new 52-week low during trading on Friday . The company traded as low as C$0.09 and last traded at C$0.09, with a volume of 9500 shares traded. The stock had previously closed at C$0.10.

East Africa Metals Trading Down 10.0%

The business’s 50 day moving average price is C$0.12 and its two-hundred day moving average price is C$0.12. The company has a market capitalization of C$24.21 million, a price-to-earnings ratio of -8.95 and a beta of 0.94. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.26 and a current ratio of 1.05.

About East Africa Metals

(Get Free Report)

East Africa Metals Inc, a mineral exploration company, focuses on the identification, acquisition, exploration, development, and sale of base and precious mineral resource properties in the Federal Democratic Republic of Ethiopia and the United Republic of Tanzania. The company primarily explores for gold, copper, silver, and zinc deposits.

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