Emerita Resources (CVE:EMO) Trading Up 4.3% – Still a Buy?

Emerita Resources Corp. (CVE:EMOGet Free Report) rose 4.3% during mid-day trading on Monday . The company traded as high as C$1.30 and last traded at C$1.20. Approximately 1,048,409 shares traded hands during mid-day trading, an increase of 97% from the average daily volume of 532,944 shares. The stock had previously closed at C$1.15.

Emerita Resources Stock Performance

The company has a market capitalization of C$309.44 million, a price-to-earnings ratio of -22.97 and a beta of 4.95. The stock has a 50 day simple moving average of C$1.45 and a 200 day simple moving average of C$1.05. The company has a quick ratio of 44.86, a current ratio of 5.42 and a debt-to-equity ratio of 109.05.

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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