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

by · The Markets Daily

Shares of Emerita Resources Corp. (CVE:EMO – Get Free Report) traded down 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 mid-day trading, an increase of 381% from the average session volume of 568,098 shares. The stock had previously closed at C$0.60.

Emerita Resources Stock Down 15.0%

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 stock’s 50-day simple moving average is C$1.33 and its 200 day simple moving average is C$1.30. The firm has a market cap of C$147.41 million, a P/E 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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