Emerita Resources (CVE:EMO) Trading 33.3% Higher – Still a Buy?

Shares of Emerita Resources Corp. (CVE:EMO – Get Free Report) shot up 33.3% on Wednesday . The stock traded as high as C$0.61 and last traded at C$0.60. 3,651,176 shares changed hands during mid-day trading, an increase of 567% from the average session volume of 547,319 shares. The stock had previously closed at C$0.45.

Emerita Resources Stock Performance

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 stock has a market cap of C$173.42 million, a P/E ratio of -7.50 and a beta of 2.95. The firm’s 50-day moving average is C$1.37 and its two-hundred day moving average is C$1.31.

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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