Emerita Resources (CVE:EMO) Trading Down 3.6% – Should You Sell?

Emerita Resources Corp. (CVE:EMO)’s stock price was down 3.6% on Monday . The stock traded as low as C$0.40 and last traded at C$0.40. Approximately 234,137 shares changed hands during trading, a decline of 55% from the average daily volume of 516,708 shares. The stock had previously closed at C$0.42.

Emerita Resources Stock Performance

The company has a debt-to-equity ratio of 11.78, a quick ratio of 44.86 and a current ratio of 11.21. The stock has a market cap of C$118.65 million, a P/E ratio of -5.71 and a beta of 2.57. The company’s 50 day moving average price is C$0.50 and its 200-day moving average price is C$0.91.

Insider Buying and Selling

In related news, Director Michael Lawrence Guy sold 304,062 shares of the business’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of C$0.18, for a total transaction of C$54,731.16. Following the transaction, the director directly owned 3,119,776 shares in the company, valued at approximately C$561,559.68. The trade was a 8.88% decrease in their ownership of the stock. Also, insider Joaquin Merino Marquez sold 240,000 shares of the company’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of C$0.18, for a total transaction of C$43,200.00. Following the completion of the sale, the insider directly owned 3,299,550 shares of the company’s stock, valued at C$593,919. The trade was a 6.78% decrease in their ownership of the stock. Over the last ninety days, insiders have sold 906,236 shares of company stock worth $163,122. 4.68% of the stock is owned by insiders.

Emerita Resources Company Profile

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.