Emerita Resources (CVE:EMO) Stock Price Down 9.8% – Here’s What Happened

Shares of Emerita Resources Corp. (CVE:EMO – Get Free Report) traded down 9.8% during mid-day trading on Friday . The company traded as low as C$1.17 and last traded at C$1.19. Approximately 713,690 shares were traded during mid-day trading, an increase of 36% from the average session volume of 526,068 shares. The stock had previously closed at C$1.32.

Emerita Resources Stock Performance

The company’s 50 day simple moving average is C$1.42 and its 200 day simple moving average is C$1.09. The stock has a market cap of C$304.33 million, a PE ratio of -22.59 and a beta of 4.95. The company has a debt-to-equity ratio of 109.05, a quick ratio of 44.86 and a current ratio of 5.42.

About Emerita Resources

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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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