Electrum Discovery (CVE:ELY) Hits New 52-Week High – Here’s Why

Electrum Discovery Corp (CVE:ELYGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$0.12 and last traded at C$0.11, with a volume of 78500 shares changing hands. The stock had previously closed at C$0.12.

Electrum Discovery Stock Down 4.3 %

The company’s 50-day moving average price is C$0.08 and its 200 day moving average price is C$0.07. The company has a debt-to-equity ratio of 9.05, a quick ratio of 21.82 and a current ratio of 1.73. The stock has a market cap of C$8.14 million and a PE ratio of -3.67.

Electrum Discovery (CVE:ELYGet Free Report) last released its quarterly earnings results on Wednesday, August 28th. The company reported C($0.01) earnings per share (EPS) for the quarter. As a group, analysts forecast that Electrum Discovery Corp will post -0.01 EPS for the current fiscal year.

Electrum Discovery Company Profile

(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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