Empire Metals (LON:EEE) Shares Down 4.1% – Time to Sell?

Empire Metals Limited (LON:EEE)’s share price traded down 4.1% during mid-day trading on Monday . The stock traded as low as GBX 37.95 and last traded at GBX 38.30. 769,139 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 2,218,452 shares. The stock had previously closed at GBX 39.95.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 62 price objective on shares of Empire Metals in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 62.

Empire Metals Price Performance

The company has a current ratio of 15.45, a quick ratio of 20.03 and a debt-to-equity ratio of 0.37. The company has a market cap of £282.49 million, a PE ratio of -73.65 and a beta of 2.17. The firm has a 50 day moving average of GBX 36.55 and a two-hundred day moving average of GBX 35.97.

About Empire Metals

Empire Metals Ltd (AIM: EEE and OTCQX: EPMLF) is an exploration and resource development company focused on the commercialisation of the Pitfield Titanium Project, located in Western Australia. The titanium discovery at Pitfield is of unprecedented scale and hosts one of the largest and highest-grade titanium resources reported globally, with a Mineral Resource Estimate (MRE) totalling 2.2 billion tonnes grading 5.1% TiO₂ for 113 million tonnes of contained TiO₂.

Titanium mineralisation at Pitfield occurs from surface and displays exceptional grade continuity along strike and down dip.