Emerita Resources (CVE:EMO) Shares Up 1.1% – Still a Buy?

Emerita Resources Corp. (CVE:EMO)’s stock price was up 1.1% on Monday . The stock traded as high as C$0.47 and last traded at C$0.46. Approximately 336,170 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 539,565 shares. The stock had previously closed at C$0.46.

Emerita Resources Stock Performance

The stock has a market cap of C$133.20 million, a P/E ratio of -7.67 and a beta of 2.57. The stock has a fifty day simple moving average of C$0.55 and a 200-day simple moving average of C$1.00. The company has a quick ratio of 44.86, a current ratio of 11.21 and a debt-to-equity ratio of 11.78.

Insider Buying and Selling

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