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Empire Metals (LON:EEE) Trading 11.6% Higher - Here's What Happened

Empire Metals logo with Basic Materials background

Empire Metals Limited (LON:EEE - Get Free Report) shares rose 11.6% during mid-day trading on Monday . The company traded as high as GBX 15.90 ($0.22) and last traded at GBX 15.74 ($0.21). Approximately 5,105,044 shares were traded during trading, an increase of 60% from the average daily volume of 3,190,197 shares. The stock had previously closed at GBX 14.10 ($0.19).

Empire Metals Price Performance

The stock has a market capitalization of £124.78 million, a PE ratio of -36.76 and a beta of 1.80. The company has a quick ratio of 20.03, a current ratio of 14.31 and a debt-to-equity ratio of 0.12. The stock's 50 day moving average price is GBX 11.30 and its 200-day moving average price is GBX 9.52.

Empire Metals (LON:EEE - Get Free Report) last announced its quarterly earnings results on Friday, June 6th. The company reported GBX (0.67) (($0.01)) earnings per share (EPS) for the quarter.

Empire Metals Company Profile

(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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