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Empire Metals (LON:EEE) Shares Down 10.2% - Should You Sell?

Empire Metals logo with Basic Materials background

Empire Metals Limited (LON:EEE - Get Free Report) fell 10.2% during mid-day trading on Thursday . The stock traded as low as GBX 25 ($0.34) and last traded at GBX 25.82 ($0.35). 13,461,260 shares were traded during mid-day trading, an increase of 240% from the average session volume of 3,956,946 shares. The stock had previously closed at GBX 28.75 ($0.39).

Empire Metals Stock Down 7.8%

The company has a current ratio of 14.31, a quick ratio of 20.03 and a debt-to-equity ratio of 0.12. The company has a market cap of £174.03 million, a price-to-earnings ratio of -51.27 and a beta of 1.80. The firm's fifty day simple moving average is GBX 13.72 and its 200 day simple moving average is GBX 10.68.

Empire Metals (LON:EEE - Get Free Report) last posted its earnings results on Friday, June 6th. The company reported GBX (0.67) (($0.01)) EPS for the quarter.

Empire Metals Company Profile

(Get Free Report)

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.

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