Emergent Metals (CVE:EMR) Stock Price Down 13% – Here’s What Happened

Shares of Emergent Metals Corp. (CVE:EMR) were down 13% during trading on Thursday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 118,500 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 353,230 shares. The stock had previously closed at C$0.12.

Emergent Metals Price Performance

The company has a 50-day moving average of C$0.11 and a 200 day moving average of C$0.07. The company has a quick ratio of 0.23, a current ratio of 0.22 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of C$5.18 million, a PE ratio of -10.00 and a beta of 2.41.

Emergent Metals Company Profile

Emergent Metals Corp. engages in the acquisition and exploration of mineral properties in Canada and the United States. It explores for gold, silver, molybdenum, copper, base, and other mineral deposits. The company was formerly known as Emgold Mining Corporation and changed its name to Emergent Metals Corp. in March 2022. Emergent Metals Corp. was incorporated in 1989 and is based in Vancouver, Canada.