East Africa Metals Inc. (CVE:EAM – Get Free Report)’s stock price hit a new 52-week low on Tuesday . The company traded as low as C$0.07 and last traded at C$0.07, with a volume of 21000 shares changing hands. The stock had previously closed at C$0.07.
East Africa Metals Stock Performance
The company’s 50-day moving average is C$0.08 and its 200-day moving average is C$0.10. The firm has a market cap of C$17.48 million, a price-to-earnings ratio of -1.08 and a beta of -0.01.
East Africa Metals Company Profile
East Africa Metals Inc, a mineral exploration company, focuses on the identification, acquisition, exploration, development, and sale of base and precious mineral resource properties in the Federal Democratic Republic of Ethiopia and the United Republic of Tanzania. The company primarily explores for gold, copper, silver, and zinc deposits. Its principal assets and interests include a 70% interest in the Harvest property, as well as 100% interest in the Adyabo project that comprises two exploration licenses covering 195 square kilometers situated in the Arabian Nubian Shield in northern Ethiopia; and an interest in the Handeni property comprising two mining licenses covering 9.9 square kilometers, and contiguous mineral tenures totaling approximately 83.5 square kilometers located in northeastern Tanzania.
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