Emergent Metals (CVE:EMR) Trading 25% Higher – Here’s Why

Emergent Metals Corp. (CVE:EMR)’s share price rose 25% on Thursday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 519,005 shares traded hands during mid-day trading, an increase of 398% from the average daily volume of 104,154 shares. The stock had previously closed at C$0.04.

Emergent Metals Price Performance

The company has a 50 day simple moving average of C$0.04 and a 200 day simple moving average of C$0.04. The company has a market capitalization of C$2.85 million, a price-to-earnings ratio of -5.50 and a beta of 2.57. The company has a quick ratio of 0.23, a current ratio of 0.08 and a debt-to-equity ratio of 3.61.

Emergent Metals Company Profile

Emergent Metals Corp. engages in the acquisition and exploration of mineral properties in Canada and the United States. It explores for gold, silver, molybdenum, copper, base, and other mineral deposits. The company was formerly known as Emgold Mining Corporation and changed its name to Emergent Metals Corp. in March 2022. Emergent Metals Corp. was incorporated in 1989 and is based in Vancouver, Canada.