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

by · The Markets Daily

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

Emerita Resources Stock Performance

The company 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 current ratio of 5.42, a quick ratio of 44.86 and a debt-to-equity ratio of 109.05. The stock’s 50 day moving average price is C$1.31 and its 200 day moving average price is C$1.29.

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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