Emergent Metals (CVE:EMR) Trading Up 25% – Here’s Why
by Sarita Garza · The Markets DailyEmergent Metals Corp. (CVE:EMR – Get Free Report)’s share price traded up 25% on Wednesday . The stock traded as high as C$0.08 and last traded at C$0.08. 1,072,800 shares changed hands during mid-day trading, an increase of 413% from the average session volume of 209,295 shares. The stock had previously closed at C$0.06.
Emergent Metals Stock Up 25.0%
The business’s 50 day simple moving average is C$0.04 and its 200-day simple moving average is C$0.04. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.23 and a current ratio of 0.08. The company has a market cap of C$3.88 million, a price-to-earnings ratio of -7.50 and a beta of 2.72.
Emergent Metals Company Profile
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.