Emerita Resources (CVE:EMO) Shares Down 71% – What’s Next?

Shares of Emerita Resources Corp. (CVE:EMOGet Free Report) were down 71% during trading on Monday . The company traded as low as C$0.39 and last traded at C$0.40. Approximately 18,559,045 shares were traded during mid-day trading, an increase of 3,489% from the average daily volume of 517,107 shares. The stock had previously closed at C$1.36.

Emerita Resources Trading Down 71.0%

The company has a market capitalization of C$114.17 million, a PE ratio of -4.94 and a beta of 2.95. 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 business’s 50-day simple moving average is C$1.39 and its two-hundred day simple moving average is C$1.31.

About Emerita Resources

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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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