Emerita Resources (CVE:EMO) Stock Price Down 9.8% – Time to Sell?

Emerita Resources Corp. (CVE:EMO) traded down 9.8% on Friday . The stock traded as low as C$1.17 and last traded at C$1.19. 713,690 shares traded hands during mid-day trading, an increase of 36% from the average session volume of 526,068 shares. The stock had previously closed at C$1.32.

Emerita Resources Stock Down 9.8 %

The stock has a fifty day moving average price of C$1.42 and a 200-day moving average price of C$1.09. The firm has a market cap of C$304.33 million, a PE ratio of -22.59 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

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.