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Empire Metals (LON:EEE) Shares Up 10.8% - Time to Buy?

Empire Metals logo with Basic Materials background

Key Points

  • Empire Metals Limited shares surged by 10.8%, trading as high as GBX 64 ($0.87), which marked a significant increase in trading volume, up 209% from the average.
  • The company reported a negative EPS of GBX (0.67) in its most recent quarterly earnings announced on June 6th.
  • Empire Metals focuses on developing the Pitfield titanium project in Western Australia, which has revealed a large-scale high-grade titanium discovery.
  • Five stocks we like better than Empire Metals.

Empire Metals Limited (LON:EEE - Get Free Report)'s stock price was up 10.8% during trading on Tuesday . The stock traded as high as GBX 64 ($0.87) and last traded at GBX 62.48 ($0.85). Approximately 12,793,018 shares traded hands during trading, an increase of 209% from the average daily volume of 4,138,782 shares. The stock had previously closed at GBX 56.40 ($0.76).

Empire Metals Price Performance

The company has a 50 day moving average price of GBX 31.67 and a 200 day moving average price of GBX 18.82. The firm has a market cap of £436.12 million, a PE ratio of -94,283.58 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 announced its quarterly earnings results on Friday, June 6th. The company reported GBX (0.67) EPS for the quarter.

About Empire Metals

(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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