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Emerita Resources (CVE:EMO) Stock Price Down 7.1% - Here's Why

Emerita Resources logo with Basic Materials background

Shares of Emerita Resources Corp. (CVE:EMO - Get Free Report) fell 7.1% during mid-day trading on Wednesday . The company traded as low as C$1.07 and last traded at C$1.31. 904,428 shares changed hands during mid-day trading, an increase of 105% from the average session volume of 440,887 shares. The stock had previously closed at C$1.41.

Emerita Resources Trading Up 1.2%

The company has a market cap of C$333.74 million, a price-to-earnings ratio of -24.78 and a beta of 4.95. 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 business's 50 day moving average price is C$1.24 and its 200-day moving average price is C$1.30.

Emerita Resources Company Profile

(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.

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