East Africa Metals (CVE:EAM) Trading Down 14.3% – Should You Sell?

Shares of East Africa Metals Inc. (CVE:EAM) traded down 14.3% on Wednesday . The company traded as low as C$0.09 and last traded at C$0.09. 230,500 shares traded hands during trading, an increase of 266% from the average session volume of 62,909 shares. The stock had previously closed at C$0.11.

East Africa Metals Price Performance

The company has a market capitalization of C$23.70 million, a PE ratio of -5.50 and a beta of 1.03. The company has a debt-to-equity ratio of 4.03, a current ratio of 0.82 and a quick ratio of 0.26. The company’s 50 day simple moving average is C$0.12 and its 200 day simple moving average is C$0.17.

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.