Emerita Resources (CVE:EMO) Shares Up 33.3% – Here’s Why

by · The Markets Daily

Emerita Resources Corp. (CVE:EMO – Get Free Report)’s share price was 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 were traded during trading, an increase of 568% from the average daily volume of 546,179 shares. The stock had previously closed at C$0.45.

Emerita Resources Stock Performance

The company has a market cap of C$173.42 million, a P/E ratio of -7.50 and a beta of 2.95. 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 business has a fifty day simple moving average of C$1.37 and a two-hundred day simple moving average of C$1.31.

About Emerita Resources

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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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