Emerita Resources (CVE:EMO) Trading Down 15% – Here’s What Happened

Emerita Resources Corp. (CVE:EMOGet Free Report) shares 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 changed 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 Trading Down 15.0%

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 cap of C$147.41 million, a PE ratio of -6.38 and a beta of 2.95. The company has a fifty day simple moving average of C$1.31 and a two-hundred day simple moving average of C$1.30.

About Emerita Resources

(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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