Emerita Resources (CVE:EMO) Shares Down 5.8% – Should You Sell?

by · The Cerbat Gem

Shares of Emerita Resources Corp. (CVE:EMO – Get Free Report) dropped 5.8% on Thursday . The stock traded as low as C$0.53 and last traded at C$0.57. Approximately 1,322,993 shares changed hands during mid-day trading, an increase of 142% from the average daily volume of 546,646 shares. The stock had previously closed at C$0.60.

Emerita Resources Stock Performance

The company has a current ratio of 5.42, a quick ratio of 44.86 and a debt-to-equity ratio of 109.05. The firm has a 50-day moving average of C$1.35 and a 200 day moving average of C$1.30. The company has a market cap of C$173.42 million, a P/E ratio of -7.50 and a beta of 2.95.

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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