Emergent Metals (CVE:EMR) Shares Up 31.3% – Here’s Why

Emergent Metals Corp. (CVE:EMR – Get Free Report)’s stock price was up 31.3% during mid-day trading on Monday . The stock traded as high as C$0.12 and last traded at C$0.11. Approximately 1,587,167 shares traded hands during trading, an increase of 432% from the average daily volume of 298,203 shares. The stock had previously closed at C$0.08.

Emergent Metals Stock Performance

The company has a debt-to-equity ratio of 3.61, a current ratio of 0.08 and a quick ratio of 0.23. The stock has a market capitalization of C$5.44 million, a PE ratio of -10.50 and a beta of 2.72. The firm has a fifty day moving average price of C$0.05 and a two-hundred day moving average price of C$0.04.

About Emergent Metals

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Emergent Metals Corp. engages in the acquisition and exploration of mineral properties in Canada and the United States. It explores for gold, silver, molybdenum, copper, base, and other mineral deposits. The company was formerly known as Emgold Mining Corporation and changed its name to Emergent Metals Corp. in March 2022. Emergent Metals Corp. was incorporated in 1989 and is based in Vancouver, Canada.

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