Emerita Resources (CVE:EMO) Trading Up 0.6% – Should You Buy?

Emerita Resources Corp. (CVE:EMOGet Free Report)’s stock price was up 0.6% during mid-day trading on Thursday . The company traded as high as C$1.60 and last traded at C$1.59. Approximately 391,849 shares traded hands during trading, an increase of 21% from the average daily volume of 325,067 shares. The stock had previously closed at C$1.58.

Emerita Resources Stock Performance

The stock’s 50-day moving average is C$1.10 and its 200-day moving average is C$0.81. The company has a current ratio of 8.21, a quick ratio of 44.86 and a debt-to-equity ratio of 96.66. The stock has a market cap of C$415.56 million, a price-to-earnings ratio of -28.00 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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