East Africa Metals (CVE:EAM) Stock Price Down 10% – Time to Sell?

East Africa Metals Inc. (CVE:EAM) traded down 10% during mid-day trading on Tuesday . The stock traded as low as C$0.09 and last traded at C$0.09. 147,250 shares changed hands during trading, an increase of 94% from the average session volume of 75,733 shares. The stock had previously closed at C$0.10.

East Africa Metals Price Performance

The company has a current ratio of 1.05, a quick ratio of 0.26 and a debt-to-equity ratio of 2.03. The company has a market capitalization of C$24.21 million, a P/E ratio of -9.00 and a beta of 0.79. The company has a 50 day moving average price of C$0.11 and a 200 day moving average price of C$0.12.

East Africa Metals Company Profile

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.