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Emerita Resources (CVE:EMO) Shares Up 15% - Time to Buy?

Emerita Resources logo with Basic Materials background

Emerita Resources Corp. (CVE:EMO - Get Free Report) shot 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 mid-day 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 Stock Performance

The company has a market capitalization of C$324.79 million, a price-to-earnings ratio of -24.11 and a beta of 4.95. The firm has a 50-day simple moving average of C$1.18 and a two-hundred day simple moving average of C$1.25. The company has a current ratio of 5.42, a quick ratio of 44.86 and a debt-to-equity ratio of 109.05.

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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