Eloro Resources (CVE:ELO) Shares Up 5.4% – Here’s Why

Eloro Resources Ltd. (CVE:ELO) rose 5.4% during mid-day trading on Tuesday . The company traded as high as C$3.55 and last traded at C$3.50. Approximately 144,360 shares traded hands during mid-day trading, an increase of 36% from the average daily volume of 106,080 shares. The stock had previously closed at C$3.32.

Eloro Resources Stock Performance

The stock’s 50-day moving average price is C$3.50 and its 200 day moving average price is C$3.50. The firm has a market cap of C$260.58 million, a P/E ratio of -18.42 and a beta of 1.46. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.82 and a quick ratio of 3.75.

Eloro Resources Company Profile

Eloro Resources Ltd. engages in the exploration and development of mineral properties. It explores for gold, silver, copper, lead, zinc, tin, bismuth, indium, and other base metal properties. The company holds 99% interest in the Iska Iska project, a polymetallic property consisting of one mineral concession covering an area of approximately 900 hectares located in Potosi Department, southern Bolivia; and 82% interest in the La Victoria Gold/Silver project that consists of 16 concessions covering an area of 8,933 hectares located in the North-Central Mineral Belt of Peru.