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Empire Metals (LON:EEE) Stock Price Down 13.6% - Here's Why

Empire Metals logo with Basic Materials background
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Shares of Empire Metals Limited (LON:EEE - Get Free Report) traded down 13.6% on Wednesday . The stock traded as low as GBX 10.50 ($0.14) and last traded at GBX 10.50 ($0.14). 10,166,679 shares traded hands during trading, an increase of 179% from the average session volume of 3,641,200 shares. The stock had previously closed at GBX 12.15 ($0.16).

Empire Metals Trading Up 6.5 %

The company has a fifty day simple moving average of GBX 8.97 and a two-hundred day simple moving average of GBX 7.57. The company has a quick ratio of 20.03, a current ratio of 14.31 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of £80.45 million, a P/E ratio of -23.70 and a beta of 1.80.

Empire Metals Company Profile

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Empire Metals is an exploration and resource development company focused on the Pitfield Project in Western Australia, a globally significant titanium project contained within a giant, sediment-hosted, hydrothermal mineral system. The Company's strategy is to accelerate project development and value creation at Pitfield, with the objective of establishing a demonstration plant in 2025 ahead of full integrated commercialisation.

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