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Emerita Resources (CVE:EMO) Shares Down 3.3% - Here's What Happened

Emerita Resources logo with Basic Materials background

Emerita Resources Corp. (CVE:EMO - Get Free Report) shares dropped 3.3% during mid-day trading on Tuesday . The company traded as low as C$1.42 and last traded at C$1.45. Approximately 159,178 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 442,111 shares. The stock had previously closed at C$1.50.

Emerita Resources Trading Down 4.0%

The business has a fifty day simple moving average of C$1.22 and a 200-day simple moving average of C$1.29. The company has a debt-to-equity ratio of 109.05, a quick ratio of 44.86 and a current ratio of 5.42. The firm has a market cap of C$368.26 million, a price-to-earnings ratio of -27.34 and a beta of 4.95.

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.

Further Reading

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