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Emergent Metals shares surged 25% to C$0.08 on volume 378% above average, with no reason given.
Emergent Metals (CVE:EMR) shares rose 25% on Wednesday, closing at C$0.08 after surging from C$0.06, with trading volume jumping to 956,800 shares—378% above average.
The Vancouver-based mineral exploration company, formerly Emgold Mining Corporation, focuses on gold, silver, copper, and molybdenum projects in North America.
Despite a high debt-to-equity ratio, low liquidity, and negative P/E, the stock’s 50-day and 200-day moving averages both sit at C$0.04.
The cause of the price surge was not disclosed.
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Las acciones de Emergent Metals subieron un 25% a C$0.08 en volumen 378% por encima de la media, sin dar ninguna razón.