Emerita Resources (CVE:EMO) Trading Down 29.3% – Time to Sell?

Emerita Resources Corp. (CVE:EMO)’s stock price traded down 29.3% during trading on Friday . The stock traded as low as C$0.25 and last traded at C$0.29. 898,413 shares changed hands during trading, an increase of 80% from the average session volume of 498,887 shares. The stock had previously closed at C$0.41.

Emerita Resources Price Performance

The company has a debt-to-equity ratio of 11.78, a current ratio of 11.21 and a quick ratio of 44.86. The firm has a market cap of C$88.99 million, a P/E ratio of -4.29 and a beta of 2.50. The firm’s 50 day moving average is C$0.46 and its 200 day moving average is C$0.86.

Insider Transactions at Emerita Resources

In other Emerita Resources news, Director Michael Lawrence Guy sold 304,062 shares of the business’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of C$0.18, for a total transaction of C$54,731.16. Following the completion of the sale, the director directly owned 3,119,776 shares in the company, valued at approximately C$561,559.68. The trade was a 8.88% decrease in their position. Also, insider Joaquin Merino Marquez sold 240,000 shares of the business’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of C$0.18, for a total transaction of C$43,200.00. Following the sale, the insider owned 3,299,550 shares of the company’s stock, valued at approximately C$593,919. This represents a 6.78% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 906,236 shares of company stock worth $163,122. Corporate insiders own 4.68% of the company’s stock.

Emerita Resources Company Profile

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.