Eloro Resources (CVE:ELO) Trading 5.4% Higher – Here’s Why

Eloro Resources Ltd. (CVE:ELO)’s stock price rose 5.4% during mid-day trading on Tuesday . The company traded as high as C$3.55 and last traded at C$3.50. Approximately 144,360 shares changed hands during trading, an increase of 36% from the average daily volume of 106,080 shares. The stock had previously closed at C$3.32.

Eloro Resources Price Performance

The stock’s 50 day simple moving average is C$3.50 and its 200-day simple moving average is C$3.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.82 and a quick ratio of 3.75. The company has a market capitalization of C$260.58 million, a PE ratio of -18.42 and a beta of 1.46.

Eloro Resources Company Profile

Eloro Resources Ltd. engages in the exploration and development of mineral properties. It explores for gold, silver, copper, lead, zinc, tin, bismuth, indium, and other base metal properties. The company holds 99% interest in the Iska Iska project, a polymetallic property consisting of one mineral concession covering an area of approximately 900 hectares located in Potosi Department, southern Bolivia; and 82% interest in the La Victoria Gold/Silver project that consists of 16 concessions covering an area of 8,933 hectares located in the North-Central Mineral Belt of Peru.