Emergent Metals (CVE:EMR) Trading 36.4% Higher – Here’s What Happened

Emergent Metals Corp. (CVE:EMR) shot up 36.4% during mid-day trading on Friday . The stock traded as high as C$0.08 and last traded at C$0.08. 116,000 shares traded hands during trading, an increase of 99% from the average session volume of 58,333 shares. The stock had previously closed at C$0.06.

Emergent Metals Stock Performance

The stock’s 50-day moving average is C$0.09 and its 200 day moving average is C$0.07. The stock has a market cap of C$2.41 million, a price-to-earnings ratio of -1.50 and a beta of 0.79. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.11 and a quick ratio of 0.23.

About Emergent Metals

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.