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

by · The Markets Daily

Emerita Resources Corp. (CVE:EMO – Get Free Report) dropped 71% on Monday . The stock traded as low as C$0.39 and last traded at C$0.40. Approximately 18,559,045 shares were traded during trading, an increase of 3,489% from the average daily volume of 517,107 shares. The stock had previously closed at C$1.36.

Emerita Resources Stock Performance

The company has a market capitalization of C$114.17 million, a PE ratio of -4.94 and a beta of 2.95. The company has a 50 day moving average of C$1.41 and a two-hundred day moving average of C$1.32. The company has a debt-to-equity ratio of 109.05, a current ratio of 5.42 and a quick ratio of 44.86.

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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