Emerita Resources (CVE:EMO) Stock Price Down 15% – Time to Sell?

by · The Cerbat Gem

Emerita Resources Corp. (CVE:EMO – Get Free Report) fell 15% during mid-day trading on Friday . The stock traded as low as C$0.50 and last traded at C$0.51. 2,733,823 shares traded hands during 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 Price Performance

The company has a quick ratio of 44.86, a current ratio of 5.42 and a debt-to-equity ratio of 109.05. The company has a 50 day simple moving average of C$1.31 and a 200-day simple moving average of C$1.29. The stock has a market cap of C$147.41 million, a price-to-earnings ratio of -6.38 and a beta of 2.95.

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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