Emerita Resources (CVE:EMO) Trading Down 8.3% – Here’s Why

Emerita Resources Corp. (CVE:EMO – Get Free Report)’s stock price was down 8.3% during trading on Thursday . The stock traded as low as C$0.54 and last traded at C$0.55. Approximately 1,138,243 shares changed hands during mid-day trading, an increase of 108% from the average daily volume of 546,561 shares. The stock had previously closed at C$0.60.

Emerita Resources Stock Performance

The stock has a 50-day moving average of C$1.35 and a 200 day moving average of C$1.30. The stock has a market cap of C$156.08 million, a PE ratio of -6.75 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.

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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