Emergent Metals (CVE:EMR) Shares Up 25% – Still a Buy?

Emergent Metals Corp. (CVE:EMR)’s share price was up 25% during trading on Wednesday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 519,005 shares changed hands during trading, an increase of 398% from the average daily volume of 104,154 shares. The stock had previously closed at C$0.04.

Emergent Metals Price Performance

The stock has a market cap of C$2.59 million, a P/E ratio of -5.00 and a beta of 2.57. The business has a 50 day simple moving average of C$0.04 and a 200-day simple moving average of C$0.04. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.23 and a current ratio of 0.08.

Emergent Metals Company Profile

Emergent Metals Corp. engages in the acquisition and exploration of mineral properties in Canada and the United States. It explores for gold, silver, molybdenum, copper, base, and other mineral deposits. The company was formerly known as Emgold Mining Corporation and changed its name to Emergent Metals Corp. in March 2022. Emergent Metals Corp. was incorporated in 1989 and is based in Vancouver, Canada.