Empire Metals (LON:EEE) Trading Down 8.8% – Should You Sell?

Empire Metals Limited (LON:EEEGet Free Report) fell 8.8% during mid-day trading on Wednesday . The company traded as low as GBX 16.50 ($0.22) and last traded at GBX 17.32 ($0.24). 8,835,464 shares were traded during trading, an increase of 153% from the average session volume of 3,496,985 shares. The stock had previously closed at GBX 19 ($0.26).

Empire Metals Stock Performance

The firm has a market capitalization of £124.78 million, a PE ratio of -36.76 and a beta of 1.80. The stock has a 50-day moving average price of GBX 11.48 and a 200-day moving average price of GBX 9.60. The company has a debt-to-equity ratio of 0.12, a current ratio of 14.31 and a quick ratio of 20.03.

Empire Metals (LON:EEEGet Free Report) last posted its quarterly earnings results on Friday, June 6th. The company reported GBX (0.67) (($0.01)) EPS for the quarter.

Empire Metals Company Profile

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Empire Metals is an exploration and resource development company with a primary focus on developing Pitfield, an emerging giant titanium project in Western Australia.

The high-grade titanium discovery at Pitfield is of unprecedented scale, with airborne surveys identifying a massive, coincident gravity and magnetics anomaly extending over 40km by 8km by 5km deep.

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