Electrum Discovery (CVE:ELY) Shares Down 31.8% – Should You Sell?

Shares of Electrum Discovery Corp (CVE:ELY) dropped 31.8% during mid-day trading on Wednesday . The company traded as low as C$0.07 and last traded at C$0.08. Approximately 2,856,043 shares changed hands during mid-day trading, an increase of 578% from the average daily volume of 421,121 shares. The stock had previously closed at C$0.11.

Electrum Discovery Stock Down 6.7 %

The business’s fifty day simple moving average is C$0.13 and its 200 day simple moving average is C$0.10. The stock has a market cap of C$5.18 million and a price-to-earnings ratio of -2.33. The company has a current ratio of 1.73, a quick ratio of 21.82 and a debt-to-equity ratio of 9.05.

Electrum Discovery Company Profile

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.