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Emerita Resources (CVE:EMO) Trading 7% Higher - Still a Buy?

Emerita Resources logo with Basic Materials background

Emerita Resources Corp. (CVE:EMO - Get Free Report)'s stock price rose 7% on Monday . The company traded as high as C$1.30 and last traded at C$1.23. Approximately 858,111 shares traded hands during trading, an increase of 62% from the average daily volume of 529,897 shares. The stock had previously closed at C$1.15.

Emerita Resources Stock Performance

The stock's fifty day simple moving average is C$1.45 and its two-hundred day simple moving average is C$1.07. The company has a debt-to-equity ratio of 109.05, a quick ratio of 44.86 and a current ratio of 5.42. The company has a market cap of C$322.23 million, a price-to-earnings ratio of -23.92 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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