Emerita Resources (CVE:EMO) Trading Up 9% – Still a Buy?

Emerita Resources Corp. (CVE:EMOGet Free Report) rose 9% during mid-day trading on Tuesday . The stock traded as high as C$1.47 and last traded at C$1.46. Approximately 287,885 shares were traded during mid-day trading, an increase of 1% from the average daily volume of 286,408 shares. The stock had previously closed at C$1.34.

Emerita Resources Stock Up 12.7 %

The stock’s 50-day simple moving average is C$1.06 and its 200-day simple moving average is C$0.79. The company has a current ratio of 8.21, a quick ratio of 44.86 and a debt-to-equity ratio of 96.66. The firm has a market capitalization of C$373.51 million, a P/E ratio of -25.17 and a beta of 4.95.

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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