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Empire Metals (LON:EEE) Stock Price Up 16.9% - Still a Buy?

Empire Metals logo with Basic Materials background

Empire Metals Limited (LON:EEE - Get Free Report) shares shot up 16.9% on Friday . The company traded as high as GBX 26 ($0.35) and last traded at GBX 26 ($0.35). 7,026,266 shares were traded during trading, an increase of 93% from the average session volume of 3,631,246 shares. The stock had previously closed at GBX 22.25 ($0.30).

Empire Metals Stock Up 15.7%

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 £178.63 million, a P/E ratio of -52.62 and a beta of 1.80. The stock's fifty day simple moving average is GBX 12.96 and its two-hundred day simple moving average is GBX 10.41.

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