Empire Metals (LON:EEE) Stock Price Down 11.2% - Should You Sell?

Key Points

• Empire Metals Limited shares dropped by 11.2%, closing at GBX 43.50 ($0.58) after trading as low as GBX 43 during the day.
• The company reported a debt-to-equity ratio of 0.12 and a market capitalization of £332.83 million with a very high price-to-earnings ratio of -49,484.54.
• Insiders have been active, with notable purchases including 111,091 shares by insider Gregory Kuenzel at GBX 45, and 40,000 shares by Shaun Bunn at GBX 37.

Shares of Empire Metals Limited (LON:EEE - Get Free Report) fell 11.2% on Wednesday . The stock traded as low as GBX 43 ($0.58) and last traded at GBX 43.50 ($0.58). 2,153,167 shares changed hands during trading, a decline of 56% from the average session volume of 4,854,264 shares. The stock had previously closed at GBX 49 ($0.66).

Empire Metals Stock Down 2.0%

The company has a debt-to-equity ratio of 0.12, a current ratio of 14.31 and a quick ratio of 20.03. The company has a market capitalization of £332.83 million, a price-to-earnings ratio of -49,484.54 and a beta of 1.80. The firm has a 50-day moving average price of GBX 45.68 and a two-hundred day moving average price of GBX 26.80.

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

Insider Activity

In related news, insider Gregory Kuenzel ACA bought 111,091 shares of the company's stock in a transaction that occurred on Friday, September 12th. The shares were acquired at an average price of GBX 45 per share, for a total transaction of £49,990.95. Also, insider Shaun Bunn bought 40,000 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The shares were bought at an average price of GBX 37 per share, for a total transaction of £14,800. Corporate insiders own 5.06% of the company's stock.

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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