Emerita Resources (CVE:EMO) Shares Down 9.8% – Should You Sell?

Emerita Resources Corp. (CVE:EMOGet Free Report) shares fell 9.8% during trading on Friday . The stock traded as low as C$1.17 and last traded at C$1.19. 713,690 shares were traded during trading, an increase of 36% from the average session volume of 526,068 shares. The stock had previously closed at C$1.32.

Emerita Resources Trading Down 9.8 %

The business’s 50-day moving average price is C$1.42 and its two-hundred day moving average price is C$1.09. The company has a debt-to-equity ratio of 109.05, a current ratio of 5.42 and a quick ratio of 44.86. The company has a market capitalization of C$304.33 million, a price-to-earnings ratio of -22.59 and a beta of 4.95.

Emerita Resources Company Profile

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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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