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Emerita Resources (CVE:EMO) Trading Up 7.7% - Here's What Happened

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Shares of Emerita Resources Corp. (CVE:EMO - Get Free Report) rose 7.7% on Wednesday . The company traded as high as C$1.34 and last traded at C$1.26. Approximately 186,296 shares changed hands 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 50-day moving average price of C$1.37 and a two-hundred day moving average price of C$0.97. The stock has a market capitalization of C$347.80 million, a P/E ratio of -25.82 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.

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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