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

by · The Markets Daily

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

Emerita Resources Price Performance

The company has a market capitalization of C$147.41 million, a price-to-earnings ratio of -6.38 and a beta of 2.95. The company’s 50 day simple moving average is C$1.31 and its 200-day simple moving average is C$1.29. The company has a current ratio of 5.42, a quick ratio of 44.86 and a debt-to-equity ratio of 109.05.

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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