Emerita Resources (CVE:EMO) Stock Price Down 15% – Here’s What Happened

Shares of Emerita Resources Corp. (CVE:EMO – Get Free Report) dropped 15% on Saturday . The stock traded as low as C$0.50 and last traded at C$0.51. Approximately 2,733,823 shares traded hands during trading, an increase of 380% from the average daily volume of 569,175 shares. The stock had previously closed at C$0.60.

Emerita Resources Stock Down 15.0%

The company has a quick ratio of 44.86, a current ratio of 5.42 and a debt-to-equity ratio of 109.05. The firm has a 50 day moving average of C$1.31 and a two-hundred day moving average of C$1.29. The firm has a market capitalization of C$147.41 million, a price-to-earnings ratio of -6.38 and a beta of 2.95.

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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