Empire Metals (LON:EEE) Shares Down 13.6% - What's Next?

Key Points

• Empire Metals Limited shares fell by 13.6% during mid-day trading, reaching a low of GBX 49 ($0.65) before recovering slightly to GBX 51 ($0.68).
• The company's market capitalization stands at £354.32 million, with a PE ratio of -52,680.41, indicating financial instability.
• Insider trading activity included purchases by executives, with Shaun Bunn acquiring 40,000 shares at GBX 37 each and Gregory Kuenzel buying 111,091 shares at GBX 45, reflecting insider confidence.

Empire Metals Limited (LON:EEE - Get Free Report)'s share price traded down 13.6% during mid-day trading on Tuesday . The stock traded as low as GBX 49 ($0.65) and last traded at GBX 51 ($0.68). 22,221,531 shares traded hands during trading, an increase of 350% from the average session volume of 4,938,626 shares. The stock had previously closed at GBX 59 ($0.79).

Empire Metals Trading Down 13.4%

The firm has a market capitalization of £354.32 million, a PE ratio of -52,680.41 and a beta of 1.80. The company's 50-day moving average price is GBX 47.66 and its 200-day moving average price is GBX 28.04. The company has a debt-to-equity ratio of 0.12, a quick ratio of 20.03 and a current ratio of 14.31.

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

Insider Buying and Selling at Empire Metals

In related news, insider Shaun Bunn purchased 40,000 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The shares were purchased at an average cost of GBX 37 per share, for a total transaction of £14,800. Also, insider Gregory Kuenzel ACA purchased 111,091 shares of the business's stock in a transaction that occurred on Friday, September 12th. The shares were bought at an average price of GBX 45 per share, for a total transaction of £49,990.95. 5.06% of the stock is owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.