Shares of Emerita Resources Corp. (CVE:EMO – Get Free Report) fell 15% on Friday . The company traded as low as C$0.50 and last traded at C$0.51. 2,733,823 shares changed hands during 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 Stock Down 15.0%
The stock has a market capitalization of C$147.41 million, a price-to-earnings ratio of -6.38 and a beta of 2.95. 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 firm has a 50-day moving average of C$1.31 and a two-hundred day moving average of C$1.29.
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.
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