Electrum Discovery (CVE:ELY) Trading 11.1% Higher – What’s Next?

Shares of Electrum Discovery Corp (CVE:ELYGet Free Report) were up 11.1% during mid-day trading on Thursday . The company traded as high as C$0.10 and last traded at C$0.10. Approximately 2,051,230 shares traded hands during trading, an increase of 71% from the average daily volume of 1,201,845 shares. The stock had previously closed at C$0.09.

Electrum Discovery Trading Up 5.3%

The business has a fifty day moving average of C$0.07 and a two-hundred day moving average of C$0.07. The firm has a market cap of C$12.24 million, a price-to-earnings ratio of -5.00 and a beta of 0.13. 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

(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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