Emergent Metals (CVE:EMR) Trading Down 20% – Here’s What Happened

Emergent Metals Corp. (CVE:EMRGet Free Report) was down 20% during trading on Saturday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 176,500 shares changed hands during trading, an increase of 76% from the average daily volume of 100,275 shares. The stock had previously closed at C$0.05.

Emergent Metals Stock Performance

The firm has a market capitalization of C$2.07 million, a PE ratio of -2.00 and a beta of 2.47. The company has a debt-to-equity ratio of 3.61, a current ratio of 0.08 and a quick ratio of 0.23. The firm has a fifty day moving average price of C$0.04 and a 200 day moving average price of C$0.04.

About Emergent Metals

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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.

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