Emerita Resources (CVE:EMO) Shares Up 20% – Should You Buy?

by · The Markets Daily

Emerita Resources Corp. (CVE:EMO – Get Free Report) shares shot up 20% on Wednesday . The company traded as high as C$0.56 and last traded at C$0.54. 1,551,492 shares traded hands during trading, an increase of 188% from the average session volume of 537,788 shares. The stock had previously closed at C$0.45.

Emerita Resources Trading Down 15.0%

The business’s 50 day simple moving average is C$1.33 and its 200-day simple moving average is C$1.30. The company has a debt-to-equity ratio of 109.05, a current ratio of 5.42 and a quick ratio of 44.86. The stock has a market capitalization of C$147.41 million, a P/E ratio of -6.38 and a beta of 2.95.

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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