Emerita Resources (CVE:EMO) Stock Price Down 13.3% – Here’s What Happened
by Sarita Garza · The Markets DailyEmerita Resources Corp. (CVE:EMO – Get Free Report) shares were down 13.3% during mid-day trading on Friday . The stock traded as low as C$0.50 and last traded at C$0.52. Approximately 1,810,460 shares changed hands during mid-day trading, an increase of 220% from the average daily volume of 565,220 shares. The stock had previously closed at C$0.60.
Emerita Resources Price Performance
The company’s fifty day moving average price is C$1.33 and its two-hundred day moving average price is C$1.30. The company has a market cap of C$147.41 million, a price-to-earnings ratio of -6.38 and a beta of 2.95. The company has a quick ratio of 44.86, a current ratio of 5.42 and a debt-to-equity ratio of 109.05.
About Emerita Resources
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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