Emerita Resources (CVE:EMO) Stock Price Down 71% – Should You Sell?

Shares of Emerita Resources Corp. (CVE:EMOGet Free Report) dropped 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 trading, an increase of 3,489% from the average daily volume of 517,097 shares. The stock had previously closed at C$1.36.

Emerita Resources Trading Down 71.0%

The business’s 50 day moving average price is C$1.41 and its two-hundred day moving average price is C$1.32. 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 company has a market capitalization of C$114.17 million, a price-to-earnings ratio of -4.94 and a beta of 2.95.

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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