Emerita Resources (CVE:EMO) Trading Down 15% – Here’s Why

Emerita Resources Corp. (CVE:EMOGet Free Report) shares were down 15% on Saturday . The company traded as low as C$0.50 and last traded at C$0.51. Approximately 2,733,823 shares changed hands during mid-day trading, an increase of 380% from the average daily volume of 569,175 shares. The stock had previously closed at C$0.60.

Emerita Resources Price Performance

The company has a market cap of C$147.41 million, a price-to-earnings ratio of -6.38 and a beta of 2.95. The company has a 50-day simple moving average of C$1.31 and a 200-day simple moving average of C$1.30. The company has a debt-to-equity ratio of 109.05, a quick ratio of 44.86 and a current ratio of 5.42.

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.

Further Reading

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