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Emergent Metals shares surged 25% on volume 398% above average, but the reason remains unknown.
Emergent Metals (CVE:EMR) shares jumped 25% on Wednesday, reaching a high of C$0.05 and closing at that level, driven by a surge in trading volume to 519,005 shares—398% above its average.
The Vancouver-based company, formerly Emgold Mining Corporation, explores for gold, silver, copper, molybdenum, and other base metals in North America.
Its market cap stands at C$2.59 million, with a beta of 2.57 indicating high volatility, and financial metrics including a negative P/E ratio and low liquidity ratios.
The cause of the price surge remains unspecified.
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Las acciones de Emergent Metals subieron un 25% en volumen, 398% por encima de la media, pero la razón sigue siendo desconocida.