Empire Metals (LON:EEE) Trading Down 8.8% - Here's Why

Empire Metals Limited (LON:EEE - Get Free Report) shares traded down 8.8% during trading on Wednesday . The company traded as low as GBX 16.50 ($0.22) and last traded at GBX 17.32 ($0.23). 8,835,464 shares were traded during mid-day 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 Down 2.6%

The firm's fifty day simple moving average is GBX 11.30 and its 200 day simple moving average is GBX 9.52. The company has a debt-to-equity ratio of 0.12, a quick ratio of 20.03 and a current ratio of 14.31. The stock has a market capitalization of £121.49 million, a price-to-earnings ratio of -35.79 and a beta of 1.80.

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)) EPS for the quarter.

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.