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Emerita Resources (CVE:EMO) Trading 15% Higher - Still a Buy?

Emerita Resources logo with Basic Materials background

Emerita Resources Corp. (CVE:EMO - Get Free Report)'s share price traded up 15% during trading on Monday . The company traded as high as C$1.31 and last traded at C$1.30. 575,554 shares were traded during trading, an increase of 28% from the average session volume of 450,320 shares. The stock had previously closed at C$1.13.

Emerita Resources Price Performance

The company has a fifty day simple moving average of C$1.18 and a two-hundred day simple moving average of C$1.24. The stock has a market capitalization of C$358.03 million, a price-to-earnings ratio of -26.58 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.

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.

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