Empire Metals (LON:EEE) Reaches New 12-Month High - Should You Buy?

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)'s stock price hit a new 52-week high during mid-day trading on Thursday . The company 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 Trading Down 2.8%

The stock has a 50 day moving average of GBX 35.67 and a 200-day moving average of GBX 20.85. The company has a market capitalization of £476.37 million, a P/E ratio of -102,985.07 and a beta of 1.80. The company has a current ratio of 14.31, a quick ratio of 20.03 and a debt-to-equity ratio of 0.12.

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

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.