Empire Metals (LON:EEE) Stock Price Down 13.6% – What’s Next?

Empire Metals Limited (LON:EEE) dropped 13.6% during mid-day trading on Wednesday . The stock traded as low as GBX 10.50 ($0.14) and last traded at GBX 10.50 ($0.14). Approximately 10,166,679 shares were traded during trading, an increase of 179% from the average daily volume of 3,641,200 shares. The stock had previously closed at GBX 12.15 ($0.16).

Empire Metals Price Performance

The business has a fifty day moving average of GBX 8.78 and a 200-day moving average of GBX 7.51. The company has a debt-to-equity ratio of 0.12, a quick ratio of 20.03 and a current ratio of 14.31. The firm has a market capitalization of £68.96 million, a P/E ratio of -20.31 and a beta of 1.80.

Empire Metals Company Profile

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.