Emerita Resources (CVE:EMO) Shares Down 71% – What’s Next?

by · The Markets Daily

Emerita Resources Corp. (CVE:EMO – Get Free Report) shares dropped 71% during trading on Monday . The stock traded as low as C$0.39 and last traded at C$0.40. Approximately 18,559,045 shares changed hands during mid-day trading, an increase of 3,489% from the average daily volume of 517,097 shares. The stock had previously closed at C$1.36.

Emerita Resources Trading Down 71.0%

The firm has a 50-day moving average of C$1.41 and a 200 day moving average of C$1.32. The company has a current ratio of 5.42, a quick ratio of 44.86 and a debt-to-equity ratio of 109.05. The stock has a market capitalization of C$114.17 million, a price-to-earnings ratio of -4.94 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.

Featured Stories