Emerita Resources (CVE:EMO) Shares Down 15% – Time to Sell?

Shares of Emerita Resources Corp. (CVE:EMOGet Free Report) traded down 15% during trading on Friday . The company traded as low as C$0.50 and last traded at C$0.51. 2,733,823 shares were traded during mid-day trading, an increase of 380% from the average session volume of 569,175 shares. The stock had previously closed at C$0.60.

Emerita Resources Price Performance

The company has a market cap of C$147.41 million, a PE ratio of -6.38 and a beta of 2.95. The business has a 50 day moving average of C$1.31 and a 200 day moving average of C$1.29. 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

(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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