Emerita Resources (CVE:EMO) Trading 33.3% Higher – Should You Buy?

by · The Cerbat Gem

Shares of Emerita Resources Corp. (CVE:EMO – Get Free Report) were up 33.3% during trading on Wednesday . The company traded as high as C$0.61 and last traded at C$0.60. Approximately 3,651,176 shares changed hands during mid-day trading, an increase of 567% from the average daily volume of 547,319 shares. The stock had previously closed at C$0.45.

Emerita Resources Price Performance

The firm has a market capitalization of C$173.42 million, a PE ratio of -7.50 and a beta of 2.95. The stock’s 50 day simple moving average is C$1.35 and its two-hundred day simple moving average is 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.

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.

Featured Stories