Emerita Resources (CVE:EMO) Stock Price Down 15% – What’s Next?

Emerita Resources Corp. (CVE:EMOGet Free Report) dropped 15% during mid-day trading on Saturday . The company traded as low as C$0.50 and last traded at C$0.51. Approximately 2,733,823 shares traded hands during mid-day trading, an increase of 380% from the average daily volume of 569,175 shares. The stock had previously closed at C$0.60.

Emerita Resources Stock Performance

The stock’s fifty day simple moving average is C$1.31 and its 200-day simple moving average is C$1.29. 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 company has a market capitalization of C$147.41 million, a PE ratio of -6.38 and a beta of 2.95.

Emerita Resources Company Profile

(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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