Empire Metals (LON:EEE) Trading 7% Higher – Still a Buy?

Empire Metals Limited (LON:EEEGet Free Report) shot up 7% on Tuesday . The company traded as high as GBX 10 ($0.12) and last traded at GBX 9.52 ($0.12). 4,274,523 shares changed hands during trading, an increase of 64% from the average session volume of 2,609,873 shares. The stock had previously closed at GBX 8.90 ($0.11).

Empire Metals Trading Down 2.0 %

The company has a market capitalization of £57.84 million, a PE ratio of -167.50 and a beta of 1.80. The company has a fifty day simple moving average of GBX 6.85 and a 200-day simple moving average of GBX 7.08. The company has a current ratio of 14.31, a quick ratio of 20.03 and a debt-to-equity ratio of 0.12.

About Empire Metals

(Get Free Report)

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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