Emerita Resources (CVE:EMO) Trading Up 24.4% – Time to Buy?

Emerita Resources Corp. (CVE:EMOGet Free Report)’s share price rose 24.4% on Wednesday . The stock traded as high as C$0.57 and last traded at C$0.56. Approximately 2,748,213 shares were traded during mid-day trading, an increase of 406% from the average daily volume of 542,922 shares. The stock had previously closed at C$0.45.

Emerita Resources Trading Up 33.3%

The company has a market cap of C$173.42 million, a P/E ratio of -7.50 and a beta of 2.95. The firm’s 50 day moving average is C$1.37 and its two-hundred day moving average is C$1.31. The company has a quick ratio of 44.86, a current ratio of 5.42 and a debt-to-equity ratio of 109.05.

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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