East Africa Metals (CVE:EAM) Hits New 1-Year Low – What’s Next?

East Africa Metals Inc. (CVE:EAM)’s share price reached a new 52-week low during trading on Wednesday. The company traded as low as C$0.07 and last traded at C$0.07, with a volume of 1,541 shares traded. The stock had previously closed at C$0.09.

East Africa Metals Stock Performance

The company has a market capitalization of C$18.83 million, a P/E ratio of -1.17 and a beta of -0.48. The business’s 50-day simple moving average is C$0.08 and its 200 day simple moving average is C$0.10.

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. 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.