Electrum Discovery (CVE:ELY) Shares Down 8.3% – Here’s Why

Shares of Electrum Discovery Corp (CVE:ELYGet Free Report) traded down 8.3% during trading on Wednesday . The stock traded as low as C$0.11 and last traded at C$0.11. 279,319 shares traded hands during mid-day trading, an increase of 227% from the average session volume of 85,292 shares. The stock had previously closed at C$0.12.

Electrum Discovery Stock Performance

The firm’s 50-day moving average is C$0.07 and its 200 day moving average is C$0.07. The stock has a market cap of C$8.88 million and a PE ratio of -3.67. The company has a debt-to-equity ratio of 9.05, a quick ratio of 21.82 and a current ratio of 1.73.

Electrum Discovery (CVE:ELYGet Free Report) last released its quarterly earnings results on Wednesday, August 28th. The company reported C($0.01) EPS for the quarter. As a group, research analysts anticipate that Electrum Discovery Corp will post -0.01 EPS for the current year.

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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