Emerita Resources (CVE:EMO) Given a C$1.80 Price Target at Canaccord Genuity Group

Emerita Resources (CVE:EMO - Get Free Report) has been assigned a C$1.80 price target by investment analysts at Canaccord Genuity Group in a report released on Monday,BayStreet.CA reports. The brokerage presently has a "speculative buy" rating on the stock. Canaccord Genuity Group's price objective suggests a potential upside of 31.39% from the company's previous close.

Emerita Resources Stock Performance

EMO traded up C$0.01 on Monday, hitting C$1.37. The company had a trading volume of 260,144 shares, compared to its average volume of 449,422. 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 company's fifty day moving average price is C$1.24 and its 200 day moving average price is C$1.30. The stock has a market cap of C$350.36 million, a price-to-earnings ratio of -26.01 and a beta of 4.95. Emerita Resources has a 1-year low of C$0.55 and a 1-year high of C$2.00.

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.

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