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Empire Metals (LON:EEE) Shares Down 8.8% - Should You Sell?

Empire Metals logo with Basic Materials background

Empire Metals Limited (LON:EEE - Get Free Report)'s stock price fell 8.8% on Wednesday . The company traded as low as GBX 16.50 ($0.22) and last traded at GBX 17.32 ($0.24). 8,835,464 shares were traded during trading, an increase of 153% from the average session volume of 3,496,985 shares. The stock had previously closed at GBX 19 ($0.26).

Empire Metals Stock Performance

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 company has a market cap of £118.21 million, a PE ratio of -34.82 and a beta of 1.80. The stock's 50 day simple moving average is GBX 11.61 and its two-hundred day simple moving average is GBX 9.71.

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