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

by · The Cerbat Gem

Emerita Resources Corp. (CVE:EMO – Get Free Report) rose 33.3% during mid-day trading on Wednesday . The company traded as high as C$0.61 and last traded at C$0.60. Approximately 3,651,176 shares traded 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 Trading Up 33.3%

The business has a 50-day moving average of C$1.37 and a 200-day moving average of C$1.31. The stock has a market capitalization of C$173.42 million, a price-to-earnings ratio of -7.50 and a beta of 2.95. 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.

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