Electrum Discovery (CVE:ELY) Shares Up 9.5% – Here’s Why

Electrum Discovery Corp (CVE:ELY) shares rose 9.5% on Thursday . The stock traded as high as C$0.12 and last traded at C$0.12. Approximately 57,500 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 599,255 shares. The stock had previously closed at C$0.11.

Electrum Discovery Stock Up 14.3%

The stock has a market cap of C$14.68 million, a price-to-earnings ratio of -6.00 and a beta of 0.13. The firm’s fifty day moving average price is C$0.11 and its two-hundred day moving average price is C$0.09. 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

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.