Emerita Resources (CVE:EMO) Shares Up 20% – Time to Buy?

Shares of Emerita Resources Corp. (CVE:EMOGet Free Report) rose 20% during trading on Wednesday . The company traded as high as C$0.56 and last traded at C$0.54. Approximately 1,551,492 shares changed hands during mid-day trading, an increase of 188% from the average daily volume of 537,788 shares. The stock had previously closed at C$0.45.

Emerita Resources Trading Up 15.6%

The company has a market capitalization of C$150.30 million, a price-to-earnings ratio of -6.50 and a beta of 2.95. The company has a current ratio of 5.42, a quick ratio of 44.86 and a debt-to-equity ratio of 109.05. The business’s 50 day moving average price is C$1.37 and its two-hundred day moving average price is C$1.31.

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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