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

Emerita Resources Corp. (CVE:EMO) shares dropped 66.2% during trading on Monday . The company traded as low as C$0.39 and last traded at C$0.46. Approximately 8,169,616 shares were traded during trading, an increase of 1,699% from the average daily volume of 454,130 shares. The stock had previously closed at C$1.36.

Emerita Resources Trading Up 33.3%

The company has a debt-to-equity ratio of 109.05, a current ratio of 5.42 and a quick ratio of 44.86. The firm has a market capitalization of C$173.42 million, a price-to-earnings ratio of -7.50 and a beta of 2.95. The business has a 50 day moving average of C$1.35 and a 200 day moving average of C$1.30.

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.