Emerita Resources (CVE:EMO) Shares Up 0.8% – Here’s Why

Emerita Resources Corp. (CVE:EMO)’s stock price traded up 0.8% during trading on Friday . The stock traded as high as C$1.36 and last traded at C$1.34. 281,197 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 460,058 shares. The stock had previously closed at C$1.33.

Analyst Ratings Changes

Separately, Canaccord Genuity Group set a C$1.80 target price on shares of Emerita Resources and gave the stock a “speculative buy” rating in a research note on Monday, July 21st. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$1.80.

Emerita Resources Price Performance

The stock has a market cap of C$387.31 million, a P/E ratio of -16.75 and a beta of 2.78. The company’s 50 day moving average price is C$1.46 and its 200-day moving average price is C$1.30. 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

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.