Emerita Resources (CVE:EMO) Trading Down 66.2% – Should You Sell?

Emerita Resources Corp. (CVE:EMOGet Free Report)’s share price fell 66.2% during trading on Monday . The stock traded as low as C$0.39 and last traded at C$0.46. 8,169,616 shares traded hands during mid-day trading, an increase of 1,699% from the average session volume of 454,130 shares. The stock had previously closed at C$1.36.

Emerita Resources Stock Performance

The firm has a market cap of C$127.18 million, a PE ratio of -5.50 and a beta of 2.95. The business has a 50 day simple moving average of C$1.41 and a two-hundred day simple moving average of C$1.32. The company has a quick ratio of 44.86, a current ratio of 5.42 and a debt-to-equity ratio of 109.05.

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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