Emerita Resources (CVE:EMO) Trading 0.8% Higher – What’s Next?

Emerita Resources Corp. (CVE:EMO)’s share price was up 0.8% during mid-day trading on Friday . The company traded as high as C$1.36 and last traded at C$1.34. Approximately 281,197 shares were traded during trading, a decline of 39% from the average daily volume of 460,058 shares. The stock had previously closed at C$1.33.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group set a C$1.80 price objective on shares of Emerita Resources and gave the stock a “speculative buy” rating in a research report on Monday, July 21st. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$1.80.

Emerita Resources Price Performance

The business has a 50-day moving average price of C$1.46 and a two-hundred day moving average price of C$1.30. The company has a quick ratio of 44.86, a current ratio of 5.42 and a debt-to-equity ratio of 109.05. The company has a market capitalization of C$387.31 million, a price-to-earnings ratio of -16.75 and a beta of 2.78.

Emerita Resources Company Profile

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.