Emerita Resources (CVE:EMO) Trading Down 15% – Here’s Why

by · The Markets Daily

Emerita Resources Corp. (CVE:EMO – Get Free Report)’s share price fell 15% during mid-day trading on Saturday . The stock traded as low as C$0.50 and last traded at C$0.51. 2,733,823 shares changed hands during trading, an increase of 380% from the average session volume of 569,175 shares. The stock had previously closed at C$0.60.

Emerita Resources Trading Down 15.0%

The company has a debt-to-equity ratio of 109.05, a quick ratio of 44.86 and a current ratio of 5.42. The company has a market capitalization of C$147.41 million, a P/E ratio of -6.38 and a beta of 2.95. The company’s fifty day simple moving average is C$1.31 and its 200-day simple moving average is C$1.29.

Emerita Resources Company Profile

(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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