Emerita Resources (CVE:EMO) Share price up 17.3%

The stock price of Emerita Resources Corp. (CVE:EMO – Get Rating) rose 17.3% at midday on Thursday. The company traded as low as CA$1.55 and last traded at CA$1.49. About 237,856 shares changed hands during the midday session, down 56% from the average daily volume of 537,313 shares. The stock had previously closed at C$1.27.

The company has a quick ratio of 37.37, a current ratio of 37.97 and a leverage ratio of 96.66. The stock has a 50-day simple moving average of C$1.62 and a 200-day simple moving average of C$2.41. The company has a market capitalization of C$244.62 million and a PE ratio of -8.00.

Emerita Resources (CVE:EMO – Get Rating) last released its quarterly results on Thursday, May 26. The company reported EPS C ($0.05) for the quarter.

About Distinguished Resources (CVE: EMO)

Emerita Resources Corp., a natural resources company, engages in the acquisition, exploration and development of mineral properties primarily in Spain. The company mainly explores gold and zinc deposits. The Company holds interests in three exploration properties including the Iberia Belt West project, located in the province of Huelva in southwestern Spain; Plaza Norte project located in the Reocin mining camp in Cantabria, northern Spain; and the Sierra Alta project, located in the Asturias region of northwestern Spain.

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