Emerita Resources (CVE:EMO) Shares Down 71% – Time to Sell?

Emerita Resources Corp. (CVE:EMOGet Free Report)’s share price fell 71% on Monday . The stock traded as low as C$0.39 and last traded at C$0.40. 12,495,028 shares were traded during mid-day trading, an increase of 2,473% from the average session volume of 485,620 shares. The stock had previously closed at C$1.36.

Emerita Resources Price Performance

The company has a quick ratio of 44.86, a current ratio of 5.42 and a debt-to-equity ratio of 109.05. The company has a 50 day simple moving average of C$1.35 and a 200-day simple moving average of C$1.30. The stock has a market cap of C$173.42 million, a price-to-earnings ratio of -7.50 and a beta of 2.95.

Emerita Resources Company Profile

(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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