Emerita Resources (CVE:EMO) Trading Down 71% – Here’s Why

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

Emerita Resources Trading Down 71.0%

The firm has a fifty day moving average of C$1.39 and a two-hundred day moving average of C$1.31. The company 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 current ratio of 5.42, a quick ratio of 44.86 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.

Read More

Receive News & Ratings for Emerita Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerita Resources and related companies with MarketBeat.com's FREE daily email newsletter.