Emergent Metals (CVE:EMR) Shares Down 20% – Here’s Why

Shares of Emergent Metals Corp. (CVE:EMRGet Free Report) fell 20% during trading on Saturday . The company traded as low as C$0.04 and last traded at C$0.04. 176,500 shares traded hands during mid-day trading, an increase of 76% from the average session volume of 100,275 shares. The stock had previously closed at C$0.05.

Emergent Metals Price Performance

The business’s 50-day moving average price is C$0.04 and its 200 day moving average price is C$0.04. The company has a quick ratio of 0.23, a current ratio of 0.08 and a debt-to-equity ratio of 3.61. The company has a market capitalization of C$2.07 million, a P/E ratio of -2.00 and a beta of 2.47.

About Emergent Metals

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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.

Further Reading

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