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

Shares of Emerita Resources Corp. (CVE:EMOGet Free Report) traded up 33.3% during trading on Thursday . The company 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 Trading Down 15.0%

The stock’s 50 day simple moving average is C$1.31 and its 200 day simple moving average is C$1.29. The firm has a market cap of C$147.41 million, a PE ratio of -6.38 and a beta of 2.95. The company has a debt-to-equity ratio of 109.05, a quick ratio of 44.86 and a current ratio of 5.42.

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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