Emerita Resources (CVE:EMO) Stock Price Down 14.2% – Here’s Why

Emerita Resources Corp. (CVE:EMO) shares were down 14.2% on Friday . The company traded as low as C$1.07 and last traded at C$1.15. Approximately 1,145,808 shares traded hands during mid-day trading, an increase of 118% from the average daily volume of 525,811 shares. The stock had previously closed at C$1.34.

Emerita Resources Stock Down 14.2 %

The firm’s 50 day simple moving average is C$1.45 and its 200-day simple moving average is C$1.05. The company has a market cap of C$294.10 million, a price-to-earnings ratio of -21.83 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.

About Emerita Resources

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.