Emerita Resources (CVE:EMO) Stock Price Up 33.3% – Still a Buy?

Emerita Resources Corp. (CVE:EMOGet Free Report)’s stock price shot up 33.3% during trading on Thursday . The company traded as high as C$0.61 and last traded at C$0.60. 3,651,176 shares were traded during mid-day trading, an increase of 567% from the average session volume of 547,319 shares. The stock had previously closed at C$0.45.

Emerita Resources Stock Performance

The firm has a market cap of C$147.41 million, a P/E ratio of -6.38 and a beta of 2.95. The company has a debt-to-equity ratio of 109.05, a quick ratio of 44.86 and a current ratio of 5.42. The business’s 50-day simple moving average is C$1.31 and its 200 day simple moving average is C$1.29.

Emerita Resources Company Profile

(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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