Emerita Resources (CVE:EMO) Stock Price Down 71% – Time to Sell?

Emerita Resources Corp. (CVE:EMOGet Free Report) shares traded down 71% during mid-day trading on Monday . The stock traded as low as C$0.39 and last traded at C$0.40. 18,559,045 shares changed hands during trading, an increase of 3,489% from the average session volume of 517,107 shares. The stock had previously closed at C$1.36.

Emerita Resources Stock Down 71.0%

The firm’s 50 day moving average is C$1.39 and its 200-day moving average is C$1.31. The firm has a market cap of C$114.17 million, a PE ratio of -4.94 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

(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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