Empyrean Energy (LON:EME) Trading Down 7.9%

Empyrean Energy Plc (LON:EME)’s share price fell 7.9% on Tuesday . The company traded as low as GBX 0.26 ($0.00) and last traded at GBX 0.29 ($0.00). 13,864,077 shares traded hands during mid-day trading, an increase of 69% from the average session volume of 8,224,020 shares. The stock had previously closed at GBX 0.32 ($0.00).

Empyrean Energy Price Performance

The stock has a market cap of £4.03 million, a P/E ratio of -33.00 and a beta of 1.47. The company has a debt-to-equity ratio of 145.70, a quick ratio of 0.01 and a current ratio of 0.08. The firm’s 50-day moving average is GBX 0.37 and its two-hundred day moving average is GBX 0.49.

Insider Buying and Selling

In other Empyrean Energy news, insider John Laycock bought 3,100,000 shares of Empyrean Energy stock in a transaction dated Thursday, April 4th. The shares were bought at an average price of GBX 1 ($0.01) per share, with a total value of £31,000 ($39,210.73). Corporate insiders own 29.10% of the company’s stock.

Empyrean Energy Company Profile

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.