Empyrean Energy (LON:EME) Stock Price Up 10.3% – Still a Buy?

Empyrean Energy Plc (LON:EMEGet Free Report) shares rose 10.3% during trading on Monday . The stock traded as high as GBX 0.17 ($0.00) and last traded at GBX 0.16 ($0.00). Approximately 155,793,125 shares were traded during mid-day trading, a decline of 3% from the average daily volume of 160,890,359 shares. The stock had previously closed at GBX 0.15 ($0.00).

Empyrean Energy Price Performance

The business’s 50 day moving average is GBX 0.10 and its two-hundred day moving average is GBX 0.21. The company has a debt-to-equity ratio of 145.70, a quick ratio of 0.01 and a current ratio of 0.09. The firm has a market capitalization of £1.95 million, a PE ratio of -15.10 and a beta of 1.58.

About Empyrean Energy

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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.

Further Reading

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