Emergent Metals (CVE:EMR) Shares Up 16.7% – Here’s Why

Emergent Metals Corp. (CVE:EMRGet Free Report) shares shot up 16.7% on Wednesday . The company traded as high as C$0.08 and last traded at C$0.07. 620,800 shares changed hands during mid-day trading, an increase of 323% from the average session volume of 146,603 shares. The stock had previously closed at C$0.06.

Emergent Metals Stock Performance

The firm has a fifty day simple moving average of C$0.04 and a 200-day simple moving average of C$0.04. The company has a quick ratio of 0.23, a current ratio of 0.08 and a debt-to-equity ratio of 3.61. The company has a market cap of C$4.14 million, a PE ratio of -8.00 and a beta of 2.72.

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. in March 2022. Emergent Metals Corp. was incorporated in 1989 and is based in Vancouver, Canada.

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