Electrum Discovery (CVE:ELY) Stock Price Up 9.5% – Should You Buy?

Electrum Discovery Corp (CVE:ELY) shot up 9.5% during trading on Thursday . The company traded as high as C$0.12 and last traded at C$0.12. 57,500 shares were traded during mid-day trading, a decline of 90% from the average session volume of 599,255 shares. The stock had previously closed at C$0.11.

Electrum Discovery Stock Performance

The stock has a 50 day moving average of C$0.11 and a 200 day moving average of C$0.09. The company has a quick ratio of 21.82, a current ratio of 1.73 and a debt-to-equity ratio of 9.05. The firm has a market cap of C$14.68 million, a price-to-earnings ratio of -6.00 and a beta of 0.13.

About Electrum Discovery

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.