Empyrean Energy (LON:EME) Shares Up 27.6% – Time to Buy?

Shares of Empyrean Energy Plc (LON:EMEGet Free Report) shot up 27.6% during trading on Monday . The company traded as high as GBX 0.35 ($0.00) and last traded at GBX 0.32 ($0.00). 24,281,246 shares were traded during trading, an increase of 185% from the average session volume of 8,525,756 shares. The stock had previously closed at GBX 0.25 ($0.00).

Empyrean Energy Stock Up 27.6 %

The company has a quick ratio of 0.01, a current ratio of 0.09 and a debt-to-equity ratio of 145.70. The company has a market capitalization of £4.12 million, a PE ratio of -27.50 and a beta of 1.58. The business’s 50 day simple moving average is GBX 0.31 and its 200 day simple moving average is GBX 0.36.

About Empyrean Energy

(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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