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

Emerita Resources Corp. (CVE:EMOGet Free Report)’s share price fell 71% during trading on Monday . The stock traded as low as C$0.39 and last traded at C$0.40. 18,559,045 shares traded hands during mid-day 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 Price Performance

The company has a market cap of C$114.17 million, a P/E ratio of -4.94 and a beta of 2.95. The stock has a 50-day simple moving average of C$1.39 and a 200 day simple moving average of C$1.31. The company has a debt-to-equity ratio of 109.05, a quick ratio of 44.86 and a current ratio of 5.42.

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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