East Africa Metals (CVE:EAM) Shares Down 10% – Should You Sell?

East Africa Metals Inc. (CVE:EAM)’s share price traded down 10% during trading on Tuesday . The company traded as low as C$0.09 and last traded at C$0.09. 147,250 shares changed hands during trading, an increase of 96% from the average session volume of 75,301 shares. The stock had previously closed at C$0.10.

East Africa Metals Price Performance

The company’s 50-day moving average price is C$0.11 and its 200-day moving average price is C$0.12. The company has a quick ratio of 0.26, a current ratio of 1.05 and a debt-to-equity ratio of 2.03. The firm has a market cap of C$24.21 million, a price-to-earnings ratio of -9.00 and a beta of 0.79.

About East Africa Metals

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.