Emerita Resources (CVE:EMO) Shares Down 71% – Time to Sell?

Emerita Resources Corp. (CVE:EMO) was down 71% on Monday . The stock traded as low as C$0.39 and last traded at C$0.40. Approximately 18,556,545 shares changed hands during trading, an increase of 3,506% from the average daily volume of 514,545 shares. The stock had previously closed at C$1.36.

Emerita Resources Trading Down 71.0%

The firm has a market capitalization of C$114.17 million, a P/E ratio of -4.94 and a beta of 2.95. The firm has a fifty day simple moving average of C$1.41 and a two-hundred day simple moving average of C$1.32. The company has a debt-to-equity ratio of 109.05, a current ratio of 5.42 and a quick ratio of 44.86.

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.