Emergent Metals (CVE:EMR) Trading 25% Higher – Still a Buy?

by · The Markets Daily

Shares of Emergent Metals Corp. (CVE:EMR – Get Free Report) rose 25% during trading on Thursday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 519,005 shares changed hands during mid-day trading, an increase of 398% from the average daily volume of 104,154 shares. The stock had previously closed at C$0.04.

Emergent Metals Stock Up 25.0%

The stock’s 50-day moving average price is C$0.04 and its two-hundred day moving average price is C$0.04. The company has a current ratio of 0.08, a quick ratio of 0.23 and a debt-to-equity ratio of 3.61. The stock has a market capitalization of C$2.59 million, a P/E ratio of -5.00 and a beta of 2.57.

About Emergent Metals

(Get Free Report)

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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