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Emerita Resources (CVE:EMO) Stock Price Down 9.8% - Should You Sell?

Emerita Resources logo with Basic Materials background

Emerita Resources Corp. (CVE:EMO - Get Free Report) dropped 9.8% during mid-day trading on Friday . The stock traded as low as C$1.17 and last traded at C$1.19. Approximately 713,690 shares traded hands during mid-day trading, an increase of 36% from the average daily volume of 526,068 shares. The stock had previously closed at C$1.32.

Emerita Resources Stock Performance

The stock has a market capitalization of C$291.54 million, a PE ratio of -21.64 and a beta of 4.95. The company has a quick ratio of 44.86, a current ratio of 5.42 and a debt-to-equity ratio of 109.05. The stock has a fifty day moving average of C$1.38 and a 200-day moving average of C$1.10.

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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