Empyrean Energy (LON:EME) Shares Up 14.3% – Should You Buy?

Shares of Empyrean Energy Plc (LON:EMEGet Free Report) were up 14.3% during mid-day trading on Wednesday . The stock traded as high as GBX 0.04 and last traded at GBX 0.04. Approximately 8,868,633 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 161,968,469 shares. The stock had previously closed at GBX 0.04.

Empyrean Energy Trading Up 14.3%

The company has a 50 day simple moving average of GBX 0.06 and a 200 day simple moving average of GBX 0.06. The company has a market capitalization of £2.29 million, a PE ratio of -0.22 and a beta of 1.58. The company has a debt-to-equity ratio of -174.21, a quick ratio of 0.01 and a current ratio of 0.09.

Empyrean Energy Company Profile

(Get Free Report)

Empyrean Energy Plc engages in the exploration, development, and production of energy resource projects. It has a 100% working interest in the Block 29/11 project located in the Pearl River Mouth Basin, offshore China; and 8.5% working interest in the Duyung production sharing contract that covers an area of approximately 1,100 kilometer square in the West Natuna Basin, Indonesia.

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