Empire Metals (LON:EEE) Stock Price Down 8.2% - Here's Why

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 share price dropped 8.2% on Friday . The company traded as low as GBX 63.05 ($0.85) and last traded at GBX 65 ($0.88). Approximately 19,785,803 shares were traded 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 ($0.96).

Empire Metals Price Performance

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 capitalization of £389.38 million, a PE ratio of -84,179.10 and a beta of 1.80. The stock's 50-day moving average is GBX 36.47 and its two-hundred day moving average is GBX 21.19.

Empire Metals (LON:EEE - Get Free Report) last posted its quarterly earnings data 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.