Emerita Resources (CVE:EMO) Shares Up 33.3% – Still a Buy?

Emerita Resources Corp. (CVE:EMOGet Free Report) shares shot up 33.3% during trading on Thursday . The stock traded as high as C$0.61 and last traded at C$0.60. 3,651,176 shares were traded during mid-day 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 firm has a market capitalization of C$173.42 million, a PE ratio of -7.50 and a beta of 2.95. The company has a debt-to-equity ratio of 109.05, a quick ratio of 44.86 and a current ratio of 5.42. The business’s 50 day moving average is C$1.35 and its two-hundred day moving average is C$1.30.

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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