Discovery Africa (ASX:DAF) Trading 75% Higher

Shares of Discovery Africa Ltd (ASX:DAF) traded up 75% during mid-day trading on Thursday . The company traded as high as A$0.01 ($0.01) and last traded at A$0.01 ($0.01). 523,873 shares traded hands during trading, an increase of 1,095% from the average session volume of 43,842 shares. The stock had previously closed at A$0.01 ($0.01).

The firm has a market capitalization of $2.19 million and a PE ratio of -2.40. The firm has a 50 day moving average of A$0.01.

Discovery Africa Company Profile (ASX:DAF)

Discovery Africa Limited develops exploration projects for gold, specialty metals, and other mineral commodities in Western Australia. The company holds an option agreement to acquire a 100% interest in the Cue project, which comprises two contiguous tenements, prospecting license 20/2088 covering an area of 196 hectares, as well as prospecting license 20/2089 covering an area of 39 hectares located in the Cue township.

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