Emergent Metals (CVE:EMR) Shares Down 25% – Here’s What Happened
by Jessica Moore · The Cerbat GemShares of Emergent Metals Corp. (CVE:EMR – Get Free Report) were down 25% during trading on Thursday . The stock traded as low as C$0.09 and last traded at C$0.09. Approximately 1,681,500 shares were traded during mid-day trading, an increase of 388% from the average daily volume of 344,509 shares. The stock had previously closed at C$0.12.
Emergent Metals Stock Performance
The company has a market capitalization of C$4.66 million, a PE ratio of -9.00 and a beta of 3.65. The firm’s fifty day simple moving average is C$0.06 and its 200 day simple moving average is C$0.04. The company has a debt-to-equity ratio of 3.61, a current ratio of 0.08 and a quick ratio of 0.23.
About Emergent Metals
Emergent Metals Corp. engages in the acquisition and exploration of mineral properties in Canada and the United States. It explores for gold, silver, molybdenum, copper, base, and other mineral deposits. The company was formerly known as Emgold Mining Corporation and changed its name to Emergent Metals Corp. in March 2022. Emergent Metals Corp. was incorporated in 1989 and is based in Vancouver, Canada.