Electrum Discovery (CVE:ELY) Trading Up 25% – Here’s What Happened

Electrum Discovery Corp (CVE:ELYGet Free Report)’s share price was up 25% on Tuesday . The company traded as high as C$0.13 and last traded at C$0.13. Approximately 52,500 shares were traded during trading, a decline of 44% from the average daily volume of 93,516 shares. The stock had previously closed at C$0.10.

Electrum Discovery Trading Up 20.0 %

The stock has a market cap of C$8.88 million and a PE ratio of -3.33. The stock has a 50-day moving average price of C$0.08 and a two-hundred day moving average price of C$0.07. The company has a debt-to-equity ratio of 9.05, a current ratio of 1.73 and a quick ratio of 21.82.

Electrum Discovery (CVE:ELYGet Free Report) last issued its quarterly earnings data on Wednesday, August 28th. The company reported C($0.01) earnings per share for the quarter. Sell-side analysts forecast that Electrum Discovery Corp will post -0.01 earnings per share for the current fiscal 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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