Emerita Resources (CVE:EMO) Reaches New 1-Year Low – What’s Next?
by Teresa Graham · The Cerbat GemEmerita Resources Corp. (CVE:EMO – Get Free Report) shares reached a new 52-week low on Thursday . The company traded as low as C$0.38 and last traded at C$0.39, with a volume of 1131112 shares trading hands. The stock had previously closed at C$0.41.
Emerita Resources Stock Performance
The stock’s fifty day moving average is C$0.47 and its two-hundred day moving average is C$0.87. The firm has a market capitalization of C$116.28 million, a price-to-earnings ratio of -5.60 and a beta of 2.50. The company has a debt-to-equity ratio of 11.78, a quick ratio of 44.86 and a current ratio of 11.21.
Insider Activity at Emerita Resources
In other Emerita Resources news, Director Marilia Bento sold 272,174 shares of the firm’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of C$0.18, for a total transaction of C$48,991.32. Following the completion of the transaction, the director directly owned 1,252,826 shares of the company’s stock, valued at C$225,508.68. This trade represents a 17.85% decrease in their position. Also, insider Joaquin Merino Marquez sold 240,000 shares of the firm’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of C$0.18, for a total transaction of C$43,200.00. Following the transaction, the insider directly owned 3,299,550 shares of the company’s stock, valued at approximately C$593,919. This represents a 6.78% decrease in their ownership of the stock. In the last three months, insiders sold 906,236 shares of company stock valued at $163,122. Corporate insiders own 4.68% of the company’s stock.
Emerita Resources Company Profile
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.