Empire Metals (LON:EEE) Stock Price Down 10.2% - Should You Sell?

Key Points

• Empire Metals Limited shares dropped 10.2% to GBX 37.70 ($0.51) during trading, marking a significant decline in their market performance.
• The company's recent quarterly earnings revealed an EPS of GBX (0.23), contributing to concerns over its financial health.
• Insider transactions indicate confidence, with two insiders purchasing shares at prices around GBX 37 to GBX 45, adding a total of 151,091 shares to their holdings.

Empire Metals Limited (LON:EEE - Get Free Report) shares were down 10.2% during trading on Monday . The company traded as low as GBX 37 ($0.50) and last traded at GBX 37.70 ($0.51). Approximately 3,587,034 shares changed hands during trading, a decline of 28% from the average daily volume of 4,994,170 shares. The stock had previously closed at GBX 42 ($0.56).

Empire Metals Trading Down 15.0%

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 firm has a market cap of £247.54 million, a price-to-earnings ratio of -368.04 and a beta of 1.80. The business has a 50 day moving average of GBX 49.02 and a 200 day moving average of GBX 29.01.

Empire Metals (LON:EEE - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The company reported GBX (0.23) EPS for the quarter.

Insider Transactions at Empire Metals

In other Empire Metals news, insider Gregory Kuenzel ACA purchased 111,091 shares of the firm's stock in a transaction on Friday, September 12th. The shares were purchased at an average cost of GBX 45 per share, with a total value of £49,990.95. Also, insider Shaun Bunn purchased 40,000 shares of the firm's stock in a transaction on Wednesday, September 17th. The stock was acquired at an average cost of GBX 37 per share, for a total transaction of £14,800. 5.06% of the stock is currently owned by company insiders.

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.

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