Emergent Metals (CVE:EMR) Trading Up 25% – Here’s Why

Emergent Metals Corp. (CVE:EMR)’s stock price rose 25% on Thursday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 519,005 shares traded hands during trading, an increase of 398% from the average daily volume of 104,154 shares. The stock had previously closed at C$0.04.

Emergent Metals Stock Up 10.0%

The firm’s fifty day simple moving average is C$0.04 and its 200-day simple moving average is C$0.04. The company has a market cap of C$2.85 million, a PE ratio of -5.50 and a beta of 2.57. The company has a quick ratio of 0.23, a current ratio of 0.08 and a debt-to-equity ratio of 3.61.

About Emergent Metals

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. in March 2022. Emergent Metals Corp. was incorporated in 1989 and is based in Vancouver, Canada.