Emergent Metals (CVE:EMR) Shares Up 36.4% – Still a Buy?

Emergent Metals Corp. (CVE:EMRGet Free Report) shares rose 36.4% on Thursday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 116,000 shares were traded during trading, an increase of 99% from the average daily volume of 58,333 shares. The stock had previously closed at C$0.06.

Emergent Metals Stock Performance

The stock’s fifty day simple moving average is C$0.09 and its 200-day simple moving average is C$0.07. The company has a quick ratio of 0.23, a current ratio of 0.11 and a debt-to-equity ratio of 3.35. The company has a market capitalization of C$2.09 million, a PE ratio of -1.30 and a beta of 0.79.

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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