Emerita Resources (CVE:EMO) Trading Up 1.1% – Still a Buy?

Emerita Resources Corp. (CVE:EMO)’s share price was up 1.1% on Monday . The company traded as high as C$0.47 and last traded at C$0.46. Approximately 336,170 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 539,565 shares. The stock had previously closed at C$0.46.

Emerita Resources Stock Up 1.1%

The firm’s 50 day simple moving average is C$0.55 and its 200-day simple moving average is C$1.00. The company has a current ratio of 11.21, a quick ratio of 44.86 and a debt-to-equity ratio of 11.78. The stock has a market capitalization of C$133.20 million, a price-to-earnings ratio of -7.67 and a beta of 2.57.

Insider Activity at Emerita Resources

In related news, insider Joaquin Merino Marquez sold 240,000 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of C$0.18, for a total transaction of C$43,200.00. Following the completion of the transaction, the insider directly owned 3,299,550 shares of the company’s stock, valued at approximately C$593,919. This represents a 6.78% decrease in their ownership of the stock. Also, Director Michael Lawrence Guy sold 304,062 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of C$0.18, for a total value of C$54,731.16. Following the completion of the transaction, the director owned 3,119,776 shares of the company’s stock, valued at approximately C$561,559.68. This represents a 8.88% decrease in their ownership of the stock. Over the last quarter, insiders have sold 906,236 shares of company stock valued at $163,122. 4.68% of the stock is owned by insiders.

About Emerita Resources

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.