Empire Metals (LON:EEE) Sets New 1-Year High - Here's Why

Key Points

• Empire Metals Limited shares reached a new 52-week high, trading as high as GBX 82 ($1.10) and closing at GBX 79.75 ($1.07) with a significant trading volume of 11,165,198 shares.
• The company has a market cap of £533.40 million and notable financial metrics, including a debt-to-equity ratio of 0.12 and an impressive quick ratio of 20.03.
• Empire Metals focuses on developing the Pitfield project, which is identified as a giant titanium discovery in Western Australia, with extensive geological anomalies detected.

Empire Metals Limited (LON:EEE - Get Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as GBX 82 ($1.11) and last traded at GBX 79.75 ($1.08), with a volume of 11165198 shares trading hands. The stock had previously closed at GBX 70.80 ($0.96).

Empire Metals Price Performance

The firm has a market capitalization of £490.18 million, a P/E ratio of -105,970.15 and a beta of 1.80. The company has a quick ratio of 20.03, a current ratio of 14.31 and a debt-to-equity ratio of 0.12. The stock has a fifty day moving average of GBX 34.79 and a 200-day moving average of GBX 20.42.

Empire Metals (LON:EEE - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The company reported GBX (0.23) earnings per share for the quarter.

Empire Metals Company Profile

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.