Emergent Metals (CVE:EMR) Shares Up 25% – Should You Buy?

Emergent Metals Corp. (CVE:EMRGet Free Report) shot up 25% during mid-day trading on Thursday . The stock traded as high as C$0.08 and last traded at C$0.08. 1,072,800 shares traded hands during mid-day trading, an increase of 413% from the average session volume of 209,295 shares. The stock had previously closed at C$0.06.

Emergent Metals Price Performance

The stock has a 50-day moving average price of C$0.04 and a two-hundred day moving average price of C$0.04. The company has a current ratio of 0.08, a quick ratio of 0.23 and a debt-to-equity ratio of 3.61. The stock has a market cap of C$3.88 million, a price-to-earnings ratio of -7.50 and a beta of 2.72.

About Emergent Metals

(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. in March 2022. Emergent Metals Corp. was incorporated in 1989 and is based in Vancouver, Canada.

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