Empire Metals (LON:EEE) Shares Down 8.2% - Should You Sell?

Key Points

• Empire Metals Limited shares fell by 8.2%, trading as low as GBX 63.05 ($0.85) during mid-day trading, significantly below its previous close of GBX 70.80 ($0.95).
• The company reported an earnings per share (EPS) of GBX (0.23) for the last quarterly results, highlighting its challenging financial performance.
• Empire Metals is focusing on developing the Pitfield project, which has shown a significant titanium discovery with a scale extending over 40km by 8km by 5km deep.

Empire Metals Limited (LON:EEE - Get Free Report)'s stock price dropped 8.2% during mid-day trading on Friday . The stock traded as low as GBX 63.05 ($0.85) and last traded at GBX 65 ($0.87). Approximately 19,785,803 shares traded hands during mid-day trading, an increase of 362% from the average daily volume of 4,283,268 shares. The stock had previously closed at GBX 70.80 ($0.95).

Empire Metals Trading Up 5.6%

The company has a market capitalization of £474.09 million, a price-to-earnings ratio of -102,492.54 and a beta of 1.80. The company has a 50-day moving average price of GBX 33.90 and a 200-day moving average price of GBX 19.86. The company has a quick ratio of 20.03, a current ratio of 14.31 and a debt-to-equity ratio of 0.12.

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

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