Emerita Resources (CVE:EMO) Trading Down 71% – Here’s What Happened

Emerita Resources Corp. (CVE:EMOGet Free Report)’s share price dropped 71% during trading on Monday . The company traded as low as C$0.39 and last traded at C$0.40. Approximately 12,495,028 shares traded hands during mid-day trading, an increase of 2,473% from the average daily volume of 485,620 shares. The stock had previously closed at C$1.36.

Emerita Resources Stock Up 33.3%

The stock has a market cap of C$173.42 million, a price-to-earnings ratio of -7.50 and a beta of 2.95. The stock has a 50 day simple moving average of C$1.35 and a 200 day simple moving average of C$1.30. The company has a quick ratio of 44.86, a current ratio of 5.42 and a debt-to-equity ratio of 109.05.

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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