Emerita Resources (CVE:EMO) Stock Price Down 15% – Should You Sell?

Emerita Resources Corp. (CVE:EMOGet Free Report) dropped 15% during trading on Saturday . The stock traded as low as C$0.50 and last traded at C$0.51. Approximately 2,733,823 shares traded hands during trading, an increase of 380% from the average daily volume of 569,175 shares. The stock had previously closed at C$0.60.

Emerita Resources Price Performance

The company has a current ratio of 5.42, a quick ratio of 44.86 and a debt-to-equity ratio of 109.05. The company has a market capitalization of C$147.41 million, a P/E ratio of -6.38 and a beta of 2.95. The company has a 50 day moving average price of C$1.31 and a 200 day moving average price of C$1.29.

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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