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

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

Emergent Metals Stock Performance

The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.23 and a current ratio of 0.08. The stock’s fifty day moving average is C$0.04 and its two-hundred day moving average is C$0.04. The firm has a market cap of C$2.07 million, a price-to-earnings ratio of -2.00 and a beta of 2.47.

Emergent Metals Company Profile

(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.

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