Electrum Discovery (CVE:ELY) Trading Up 5% – Should You Buy?

Electrum Discovery Corp (CVE:ELYGet Free Report)’s stock price was up 5% during mid-day trading on Friday . The stock traded as high as C$0.11 and last traded at C$0.11. Approximately 5,000 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 112,089 shares. The stock had previously closed at C$0.10.

Electrum Discovery Stock Up 5.0 %

The company has a market capitalization of C$7.77 million and a price-to-earnings ratio of -3.50. The business has a fifty day simple moving average of C$0.09 and a two-hundred day simple moving average of C$0.08. The company has a quick ratio of 21.82, a current ratio of 1.73 and a debt-to-equity ratio of 9.05.

Electrum Discovery (CVE:ELYGet Free Report) last announced its quarterly earnings results on Wednesday, August 28th. The company reported C($0.01) EPS for the quarter. Equities analysts expect that Electrum Discovery Corp will post -0.01 EPS for the current year.

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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