Emerita Resources (CVE:EMO) Shares Up 20% – Time to Buy?

Emerita Resources Corp. (CVE:EMOGet Free Report) shares were up 20% during trading on Wednesday . The stock traded as high as C$0.56 and last traded at C$0.54. Approximately 1,551,492 shares were traded during trading, an increase of 188% from the average daily volume of 537,788 shares. The stock had previously closed at C$0.45.

Emerita Resources Stock Performance

The firm has a market cap of C$150.30 million, a price-to-earnings ratio of -6.50 and a beta of 2.95. The firm’s 50 day moving average is C$1.37 and its 200-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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