Emerita Resources (CVE:EMO) Trading 10.3% Higher – Still a Buy?

Emerita Resources Corp. (CVE:EMOGet Free Report)’s stock price was up 10.3% on Wednesday . The company traded as high as C$1.34 and last traded at C$1.29. Approximately 257,202 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 544,355 shares. The stock had previously closed at C$1.17.

Emerita Resources Price Performance

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 company’s 50 day moving average price is C$1.37 and its 200 day moving average price is C$0.96. The company has a market cap of C$360.59 million, a price-to-earnings ratio of -26.77 and a beta of 4.95.

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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