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Emerita Resources (CVE:EMO) Trading Up 7.7% - Time to Buy?

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Emerita Resources Corp. (CVE:EMO - Get Free Report) shares rose 7.7% during mid-day trading on Wednesday . The stock traded as high as C$1.34 and last traded at C$1.26. Approximately 186,296 shares were traded during trading, a decline of 66% from the average daily volume of 542,924 shares. The stock had previously closed at C$1.17.

Emerita Resources Stock Performance

The company has a market cap of C$347.80 million, a P/E ratio of -25.82 and a beta of 4.95. The firm has a 50 day moving average price of C$1.37 and a 200-day moving average price of C$0.97. The company has a debt-to-equity ratio of 109.05, a quick ratio of 44.86 and a current ratio of 5.42.

About Emerita Resources

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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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