Emerita Resources Corp. (CVE:EMO - Get Free Report)'s share price traded down 10.4% during trading on Wednesday . The stock traded as low as C$1.01 and last traded at C$1.03. 3,709,492 shares traded hands during trading, an increase of 726% from the average session volume of 449,315 shares. The stock had previously closed at C$1.15.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group set a C$1.80 price objective on Emerita Resources and gave the stock a "speculative buy" rating in a report on Monday, July 21st.
Read Our Latest Research Report on EMO
Emerita Resources Price Performance
The firm has a 50 day moving average of C$1.28 and a two-hundred day moving average of C$1.31. 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 company has a market cap of C$263.41 million, a PE ratio of -19.56 and a beta of 4.95.
About Emerita Resources
(
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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.
Further Reading
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