Emerita Resources (CVE:EMO) Shares Up 33.3% – Time to Buy?

Emerita Resources Corp. (CVE:EMOGet Free Report) shot up 33.3% during mid-day trading on Wednesday . The company traded as high as C$0.61 and last traded at C$0.60. 3,651,176 shares changed hands during trading, an increase of 567% from the average session volume of 547,319 shares. The stock had previously closed at C$0.45.

Emerita Resources Price Performance

The business’s 50 day moving average price is C$1.35 and its 200 day moving average price is C$1.30. The stock has a market capitalization of C$173.42 million, a P/E ratio of -7.50 and a beta of 2.95. 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.

Further Reading

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