Emergent Metals (CVE:EMR) Trading Up 25% – Still a Buy?

Emergent Metals Corp. (CVE:EMRGet Free Report)’s stock price rose 25% on Wednesday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 956,800 shares were traded during trading, an increase of 378% from the average daily volume of 200,372 shares. The stock had previously closed at C$0.06.

Emergent Metals Price Performance

The stock’s 50 day simple moving average is C$0.04 and its 200-day simple moving average is C$0.04. The firm has a market cap of C$3.88 million, a price-to-earnings ratio of -7.50 and a beta of 2.72. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.23 and a current ratio of 0.08.

About Emergent Metals

(Get Free Report)

Emergent Metals Corp. engages in the acquisition and exploration of mineral properties in Canada and the United States. It explores for gold, silver, molybdenum, copper, base, and other mineral deposits. The company was formerly known as Emgold Mining Corporation and changed its name to Emergent Metals Corp. in March 2022. Emergent Metals Corp. was incorporated in 1989 and is based in Vancouver, Canada.

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