Emerita Resources (CVE:EMO) Stock Price Down 3.6% - Should You Sell?

Key Points

• Emerita Resources Corp.'s stock price fell by 3.6% to C$1.46, trading with a volume decrease of 5% from its average daily trading volume.
• Canaccord Genuity has set a price target of C$1.80 on EMO shares, maintaining a "speculative buy" rating, while the overall consensus currently reflects an average "Buy" rating.
• The company specializes in the exploration of gold, silver, zinc, and copper in Spain and has a market capitalization of approximately C$421.99 million.

Emerita Resources Corp. (CVE:EMO - Get Free Report)'s share price dropped 3.6% on Friday . The company traded as low as C$1.42 and last traded at C$1.46. Approximately 451,138 shares changed hands during mid-day trading, a decline of 5% from the average daily volume of 475,660 shares. The stock had previously closed at C$1.52.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group set a C$1.80 target price on shares of Emerita Resources and gave the stock a "speculative buy" rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of C$1.80.

Emerita Resources Stock Performance

The company's fifty day moving average price is C$1.37 and its 200 day moving average price is C$1.29. The company has a market cap of C$421.99 million, a PE ratio of -18.25 and a beta of 2.54. The company has a debt-to-equity ratio of 109.05, a current ratio of 5.42 and a quick ratio of 44.86.

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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