Emerita Resources (CVE:EMO) Stock Price Down 15% – Here’s What Happened

by · The Markets Daily

Shares of Emerita Resources Corp. (CVE:EMO – Get Free Report) dropped 15% on Saturday . The company traded as low as C$0.50 and last traded at C$0.51. Approximately 2,733,823 shares changed hands during trading, an increase of 380% from the average daily volume of 569,175 shares. The stock had previously closed at C$0.60.

Emerita Resources Stock Down 15.0%

The firm has a 50 day moving average price of C$1.31 and a 200-day moving average price of C$1.30. The firm has a market cap of C$147.41 million, a price-to-earnings ratio of -6.38 and a beta of 2.95. The company has a debt-to-equity ratio of 109.05, a current ratio of 5.42 and a quick ratio of 44.86.

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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