ECR Minerals (LON:ECR) Trading Up 11.6% – Here’s Why

ECR Minerals plc (LON:ECR)’s stock price shot up 11.6% on Friday . The stock traded as high as GBX 0.31 and last traded at GBX 0.31. 69,952,523 shares traded hands during trading, a decline of 30% from the average session volume of 100,537,367 shares. The stock had previously closed at GBX 0.28.

ECR Minerals Trading Up 9.5%

The stock’s 50 day moving average is GBX 0.25 and its 200-day moving average is GBX 0.24. The company has a market cap of £8.05 million, a P/E ratio of -5.02 and a beta of 1.44.

About ECR Minerals

ECR Minerals plc, through its subsidiaries, engages in the exploration and development of mineral projects. The company holds 100% interests in the Bailieston, Creswick, and Tambo gold projects located in Victoria, Australia. It also holds 25% interest in the Danglay gold project located in the Philippines. The company was formerly known as Electrum Resources plc and changed its name to ECR Minerals plc in December 2010. The company was incorporated in 2004 and is based in London, the United Kingdom.