East Africa Metals (CVE:EAM) Sets New 12-Month Low – Here’s What Happened

East Africa Metals Inc. (CVE:EAMGet Free Report)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.09 and last traded at C$0.09, with a volume of 10527 shares traded. The stock had previously closed at C$0.09.

East Africa Metals Stock Down 5.6%

The firm has a market capitalization of C$22.86 million, a P/E ratio of -8.50 and a beta of -0.17. The business’s 50 day moving average is C$0.10 and its two-hundred day moving average is C$0.11.

East Africa Metals Company Profile

(Get Free Report)

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.

Read More

Receive News & Ratings for East Africa Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for East Africa Metals and related companies with MarketBeat.com's FREE daily email newsletter.