East Africa Metals (CVE:EAM) Stock Price Down 3.8% – Should You Sell?

East Africa Metals Inc. (CVE:EAMGet Free Report)’s share price fell 3.8% during mid-day trading on Monday . The company traded as low as C$0.13 and last traded at C$0.13. 15,580 shares were traded during trading, a decline of 82% from the average session volume of 86,196 shares. The stock had previously closed at C$0.13.

East Africa Metals Trading Down 3.8 %

The firm’s 50-day simple moving average is C$0.14 and its 200 day simple moving average is C$0.20. The stock has a market cap of C$26.93 million, a P/E ratio of -6.25 and a beta of 1.03. The company has a current ratio of 0.82, a quick ratio of 0.26 and a debt-to-equity ratio of 4.03.

About East Africa Metals

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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.

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