Emergent Metals (CVE:EMR) Shares Down 20% – Here’s Why

Emergent Metals Corp. (CVE:EMRGet Free Report)’s share price dropped 20% during mid-day trading on Friday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 176,500 shares traded hands during trading, an increase of 76% from the average daily volume of 100,275 shares. The stock had previously closed at C$0.05.

Emergent Metals Trading Down 20.0%

The stock has a market capitalization of C$2.07 million, a PE ratio of -2.00 and a beta of 2.47. The firm has a 50-day moving average price of C$0.04 and a 200-day moving average price of C$0.04. The company has a current ratio of 0.08, a quick ratio of 0.23 and a debt-to-equity ratio of 3.61.

About Emergent Metals

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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.

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