Emerita Resources (CVE:EMO) Shares Down 71% – Should You Sell?

Emerita Resources Corp. (CVE:EMOGet Free Report) dropped 71% on Monday . The stock traded as low as C$0.39 and last traded at C$0.40. Approximately 18,559,045 shares were traded during mid-day trading, an increase of 3,489% from the average daily volume of 517,107 shares. The stock had previously closed at C$1.36.

Emerita Resources Stock Performance

The firm has a market cap of C$114.17 million, a price-to-earnings ratio of -4.94 and a beta of 2.95. The stock’s fifty day moving average is C$1.39 and its two-hundred day moving average is C$1.31. The company has a debt-to-equity ratio of 109.05, a quick ratio of 44.86 and a current ratio of 5.42.

Emerita Resources Company Profile

(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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