Empire Metals (LON:EEE) Shares Up 1.7% - Time to Buy?

Key Points

• Empire Metals Limited shares increased by 1.7%, closing at GBX 29.50 ($0.40) after a high of GBX 30.50 ($0.41).
• The company's market capitalization stands at £193.73 million, with a current ratio of 14.31 and a debt-to-equity ratio of 0.12, indicating strong liquidity and low leverage.
• Empire Metals focuses on developing the Pitfield titanium project in Western Australia, which has been identified as having a massive high-grade titanium discovery.

Empire Metals Limited (LON:EEE - Get Free Report) shares traded up 1.7% on Thursday . The stock traded as high as GBX 30.50 ($0.41) and last traded at GBX 29.50 ($0.40). 2,153,516 shares were traded during trading, a decline of 44% from the average session volume of 3,829,439 shares. The stock had previously closed at GBX 29 ($0.39).

Empire Metals Stock Up 1.7%

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 firm has a market capitalization of £193.73 million, a price-to-earnings ratio of -57.07 and a beta of 1.80. The stock has a fifty day moving average of GBX 24.45 and a 200-day moving average of GBX 15.16.

Empire Metals (LON:EEE - Get Free Report) last released its quarterly earnings results on Friday, June 6th. The company reported GBX (0.67) (($0.01)) 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.

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