Shares of Emerita Resources Corp. (CVE:EMO – Get Free Report) dropped 9.8% during mid-day trading on Friday . The company traded as low as C$1.17 and last traded at C$1.19. 713,690 shares changed hands during mid-day trading, an increase of 36% from the average daily volume of 526,068 shares. The stock had previously closed at C$1.32.
Emerita Resources Trading Down 9.8 %
The stock has a fifty day simple moving average of C$1.41 and a 200 day simple moving average of C$1.09. The firm has a market capitalization of C$304.33 million, a P/E ratio of -22.59 and a beta of 4.95. The company has a quick ratio of 44.86, a current ratio of 5.42 and a debt-to-equity ratio of 109.05.
About Emerita Resources
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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