Electrum Discovery Corp (CVE:ELY – Get Free Report) shares dropped 31.8% during trading on Wednesday . The stock 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 36.4 %
The firm has a market capitalization of C$5.18 million and a P/E ratio of -2.33. The firm’s 50-day moving average is C$0.13 and its 200 day moving average is C$0.10. The company has a debt-to-equity ratio of 9.05, a quick ratio of 21.82 and a current ratio of 1.73.
About Electrum Discovery
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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