Empire Metals (LON:EEE) Releases Quarterly Earnings Results

Key Points

• Empire Metals reported quarterly earnings of GBX (0.23) earnings per share (EPS), reflecting their financial performance for the period.
• The company has a market capitalization of £550.17 million and notable financial ratios, including a P/E ratio of -118,940.30.
• Empire Metals' main focus is on the Pitfield titanium project in Western Australia, identified as a significant discovery with a large geophysical anomaly.

Empire Metals (LON:EEE - Get Free Report) announced its quarterly earnings results on Thursday. The company reported GBX (0.23) earnings per share for the quarter, Digital Look Earnings reports.

Empire Metals Stock Up 2.9%

LON EEE traded up GBX 2 during mid-day trading on Monday, reaching GBX 71. 4,643,318 shares of the company's stock traded hands, compared to its average volume of 4,478,963. The company has a fifty day simple moving average of GBX 34.79 and a 200-day simple moving average of GBX 20.42. The company has a market cap of £490.18 million, a price-to-earnings ratio of -105,970.15 and a beta of 1.80. Empire Metals has a 1-year low of GBX 5.50 and a 1-year high of GBX 84. 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

Empire Metals is an exploration and resource development company with a primary focus on developing Pitfield, an emerging giant titanium project in Western Australia. The high-grade titanium discovery at Pitfield is of unprecedented scale, with airborne surveys identifying a massive, coincident gravity and magnetics anomaly extending over 40km by 8km by 5km deep.