Emerita Resources (CVE:EMO) Stock Price Down 3.6% – Time to Sell?

Emerita Resources Corp. (CVE:EMO)’s share price traded down 3.6% during trading on Monday . The company traded as low as C$0.40 and last traded at C$0.40. 234,137 shares traded hands during trading, a decline of 55% from the average session volume of 516,708 shares. The stock had previously closed at C$0.42.

Emerita Resources Stock Performance

The firm has a market cap of C$118.65 million, a PE ratio of -5.71 and a beta of 2.57. The company has a quick ratio of 44.86, a current ratio of 11.21 and a debt-to-equity ratio of 11.78. The company has a 50-day simple moving average of C$0.50 and a two-hundred day simple moving average of C$0.91.

Insider Transactions at Emerita Resources

In related news, Director Michael Lawrence Guy sold 304,062 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of C$0.18, for a total transaction of C$54,731.16. Following the completion of the transaction, the director owned 3,119,776 shares in the company, valued at approximately C$561,559.68. This represents a 8.88% decrease in their ownership of the stock. Also, Director Marilia Bento sold 272,174 shares of the firm’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of C$0.18, for a total transaction of C$48,991.32. Following the sale, the director owned 1,252,826 shares of the company’s stock, valued at C$225,508.68. This trade represents a 17.85% decrease in their position. Insiders have sold 906,236 shares of company stock worth $163,122 in the last ninety days. Company insiders own 4.68% of the company’s stock.

Emerita Resources Company Profile

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.