Emerita Resources (CVE:EMO) Stock Price Down 29.3% – Here’s Why

Shares of Emerita Resources Corp. (CVE:EMO) traded down 29.3% on Friday . The company traded as low as C$0.25 and last traded at C$0.29. 898,413 shares changed hands during trading, an increase of 80% from the average session volume of 498,887 shares. The stock had previously closed at C$0.41.

Emerita Resources Price Performance

The firm has a market cap of C$77.12 million, a PE ratio of -3.71 and a beta of 2.50. The company has a quick ratio of 44.86, a current ratio of 11.21 and a debt-to-equity ratio of 11.78. The stock has a 50 day moving average price of C$0.46 and a two-hundred day moving average price of C$0.85.

Insider Transactions at Emerita Resources

In other news, Director Marilia Bento sold 272,174 shares of the business’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of C$0.18, for a total transaction of C$48,991.32. Following the sale, the director owned 1,252,826 shares in the company, valued at approximately C$225,508.68. The trade was a 17.85% decrease in their ownership of the stock. Also, Director Michael Lawrence Guy sold 304,062 shares of the business’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of C$0.18, for a total value of C$54,731.16. Following the sale, the director owned 3,119,776 shares in the company, valued at C$561,559.68. The trade was a 8.88% decrease in their position. Over the last 90 days, insiders have sold 906,236 shares of company stock worth $163,122. Insiders own 4.68% of the company’s stock.

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.