Emerita Resources Corp. (CVE:EMO - Get Free Report) traded down 9.6% during mid-day trading on Wednesday . The stock traded as low as C$1.01 and last traded at C$1.04. 1,490,642 shares traded hands during mid-day trading, an increase of 246% from the average session volume of 431,319 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 target on Emerita Resources and gave the company a "speculative buy" rating in a report on Monday, July 21st.
Get Our Latest Stock Analysis on EMO
Emerita Resources Stock Down 10.0%
The company has a quick ratio of 44.86, a current ratio of 5.42 and a debt-to-equity ratio of 109.05. The firm has a market cap of C$264.69 million, a price-to-earnings ratio of -19.65 and a beta of 4.95. The stock's 50 day moving average is C$1.28 and its 200 day moving average is C$1.31.
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.
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