Emerita Resources (CVE:EMO) Shares Down 9.8% – Here’s Why

by · The Cerbat Gem

Emerita Resources Corp. (CVE:EMO – Get Free Report) shares dropped 9.8% during trading on Friday . The stock traded as low as C$1.17 and last traded at C$1.19. Approximately 713,690 shares traded hands during trading, an increase of 36% from the average daily volume of 526,068 shares. The stock had previously closed at C$1.32.

Emerita Resources Price Performance

The company has a debt-to-equity ratio of 109.05, a current ratio of 5.42 and a quick ratio of 44.86. The firm has a market capitalization of C$304.33 million, a price-to-earnings ratio of -22.59 and a beta of 4.95. The stock has a 50 day moving average price of C$1.42 and a two-hundred day moving average price of C$1.09.

Emerita Resources Company Profile

(Get Free Report)

Emerita Resources Corp., a natural resource company, engages in the acquisition, exploration, and development of mineral properties in Spain. It primarily explores for gold, silver, zinc, and copper deposits. The company is headquartered in Toronto, Canada.

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