Emerita Resources (CVE:EMO) Trading Down 66.2% – Here’s Why

Emerita Resources Corp. (CVE:EMO)’s share price dropped 66.2% on Monday . The stock traded as low as C$0.39 and last traded at C$0.46. Approximately 8,169,616 shares were traded during trading, an increase of 1,699% from the average daily volume of 454,130 shares. The stock had previously closed at C$1.36.

Emerita Resources Price Performance

The business’s fifty day moving average price is C$1.41 and its 200-day moving average price is C$1.32. The company has a market capitalization of C$127.18 million, a P/E ratio of -5.50 and a beta of 2.95. 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

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.