Emerita Resources (CVE:EMO) Trading Down 1.6% – Here’s Why

Shares of Emerita Resources Corp. (CVE:EMOGet Free Report) traded down 1.6% on Tuesday . The company traded as low as C$0.61 and last traded at C$0.63. Approximately 444,140 shares changed hands during trading, a decline of 35% from the average daily volume of 680,918 shares. The stock had previously closed at C$0.64.

Emerita Resources Stock Down 1.6%

The firm’s 50-day moving average price is C$0.77 and its 200-day moving average price is C$1.14. The company has a debt-to-equity ratio of 109.05, a current ratio of 5.42 and a quick ratio of 44.86. The company has a market cap of C$182.09 million, a price-to-earnings ratio of -7.88 and a beta of 3.10.

About Emerita Resources

(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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