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

Emerita Resources Corp. (CVE:EMOGet Free Report)’s share price rose 33.3% during mid-day trading on Wednesday . The company traded as high as C$0.61 and last traded at C$0.60. Approximately 3,651,176 shares were traded during mid-day trading, an increase of 567% from the average daily volume of 547,319 shares. The stock had previously closed at C$0.45.

Emerita Resources Stock Up 33.3%

The company has a debt-to-equity ratio of 109.05, a current ratio of 5.42 and a quick ratio of 44.86. The stock has a market cap of C$173.42 million, a price-to-earnings ratio of -7.50 and a beta of 2.95. The firm’s 50-day moving average is C$1.35 and its 200 day moving average is C$1.30.

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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