Emerita Resources (CVE:EMO) Stock Price Up 9.6% – Here’s What Happened

Emerita Resources Corp. (CVE:EMO) shares traded up 9.6% on Monday . The company traded as high as C$0.30 and last traded at C$0.29. 809,756 shares changed hands during mid-day trading, an increase of 43% from the average session volume of 565,019 shares. The stock had previously closed at C$0.26.

Emerita Resources Stock Performance

The company has a market cap of C$86.02 million, a price-to-earnings ratio of -4.14 and a beta of 2.50. The stock’s fifty day simple moving average is C$0.46 and its two-hundred day simple moving average is C$0.85. The company has a debt-to-equity ratio of 11.78, a quick ratio of 44.86 and a current ratio of 11.21.

Insider Activity

In other news, insider Joaquin Merino Marquez sold 240,000 shares of the firm’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of C$0.18, for a total value of C$43,200.00. Following the transaction, the insider owned 3,299,550 shares of the company’s stock, valued at approximately C$593,919. This trade represents a 6.78% decrease in their position. Also, Director Michael Lawrence Guy sold 304,062 shares of the firm’s stock in a transaction on 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 completion of the transaction, the director directly owned 3,119,776 shares in the company, valued at approximately C$561,559.68. This represents a 8.88% decrease in their position. In the last 90 days, insiders have sold 906,236 shares of company stock valued at $163,122. Company insiders own 4.68% of the company’s stock.

About Emerita Resources

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.