Electrum Discovery (CVE:ELY) Shares Up 10.5% – Time to Buy?

Electrum Discovery Corp (CVE:ELYGet Free Report) shot up 10.5% on Tuesday . The company traded as high as C$0.11 and last traded at C$0.11. 262,857 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 935,210 shares. The stock had previously closed at C$0.10.

Electrum Discovery Stock Up 14.3%

The stock has a fifty day moving average price of C$0.09 and a 200 day moving average price of C$0.07. The stock has a market capitalization of C$14.68 million, a P/E ratio of -6.00 and a beta of 0.13. The company has a debt-to-equity ratio of 9.05, a current ratio of 1.73 and a quick ratio of 21.82.

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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