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Emerita Resources (CVE:EMO) Trading Up 4.3% - Here's Why

Emerita Resources logo with Basic Materials background

Shares of Emerita Resources Corp. (CVE:EMO - Get Free Report) shot up 4.3% during mid-day trading on Monday . The stock traded as high as C$1.30 and last traded at C$1.20. 1,048,409 shares traded hands during trading, an increase of 97% from the average session volume of 532,944 shares. The stock had previously closed at C$1.15.

Emerita Resources Price Performance

The company has a 50-day simple moving average of C$1.45 and a two-hundred day simple moving average of C$1.07. The stock has a market capitalization of C$322.23 million, a price-to-earnings ratio of -23.92 and a beta of 4.95. 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

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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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