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

by · The Cerbat Gem

Emerita Resources Corp. (CVE:EMO – Get Free Report)’s stock price was down 15% on Saturday . The stock traded as low as C$0.50 and last traded at C$0.51. Approximately 2,733,823 shares traded 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 Price Performance

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 has a fifty 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.

About Emerita Resources

(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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