Emerita Resources (CVE:EMO) Reaches New 52-Week Low at $0.07

Emerita Resources Corp (CVE:EMO)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.07 and last traded at C$0.07, with a volume of 22000 shares traded. The stock had previously closed at C$0.07.

The company has a current ratio of 0.65, a quick ratio of 0.61 and a debt-to-equity ratio of 96.66. The company’s 50 day moving average is C$0.08 and its 200-day moving average is C$0.06. The company has a market capitalization of $3.80 million and a P/E ratio of -0.71.

About Emerita Resources (CVE:EMO)

Emerita Resources Corp., a natural resource company, engages in the acquisition, exploration, and development of mineral properties in Europe. The company primarily explores for gold and zinc deposits. It holds interests in the Las Morras property comprising 230 claims covering an area of approximately 7,000 hectares located in the eastern part of the Badajoz province of Spain; and the Sierra Alta property with 90 mining claims totaling an area of 2,700 hectares located in the Asturias region in northwestern Spain.

Further Reading: What is Cost of Goods Sold (COGS)?

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