Empire Metals (LON:EEE) Trading 10.8% Higher - What's Next?

Key Points

• Empire Metals' shares surged 10.8% on Thursday, rising from a previous close of GBX 25.50 ($0.34) to GBX 28.25 ($0.37), despite a decline in trading volume by 21%.
• The company's current market capitalization stands at £185.52 million, with a notable price-to-earnings ratio of -54.66 and impressive liquidity ratios (current ratio of 14.31, quick ratio of 20.03).
• Empire Metals is focusing on developing the Pitfield project in Western Australia, which features a significant titanium discovery characterized by an extensive anomaly identified through airborne surveys.

Empire Metals Limited (LON:EEE - Get Free Report)'s stock price was up 10.8% on Thursday . The stock traded as high as GBX 29 ($0.39) and last traded at GBX 28.25 ($0.38). Approximately 3,076,077 shares were traded during trading, a decline of 21% from the average daily volume of 3,874,789 shares. The stock had previously closed at GBX 25.50 ($0.34).

Empire Metals Price Performance

The firm's fifty day moving average price is GBX 22.97 and its 200 day moving average price is GBX 14.66. The firm has a market capitalization of £193.63 million, a PE ratio of -57.04 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 posted its earnings results on Friday, June 6th. The company reported GBX (0.67) (($0.01)) 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.