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Empire Metals (LON:EEE) Trading 12% Higher - Time to Buy?

Empire Metals logo with Basic Materials background

Key Points

  • Empire Metals Limited's stock rose by 12% during trading, reaching a last price of GBX 40.31 ($0.54), with trading volume increasing by 205% from average levels.
  • The company's market capitalization stands at £284.29 million, with a debt-to-equity ratio of 0.12 and a current ratio of 14.31.
  • Insider buying has been noted, with key executives purchasing shares at prices between GBX 37 and 45, indicating confidence in the company's future.
  • MarketBeat previews the top five stocks to own by November 1st.

Empire Metals Limited (LON:EEE - Get Free Report) traded up 12% during trading on Tuesday . The stock traded as high as GBX 42 ($0.56) and last traded at GBX 40.31 ($0.54). 15,496,085 shares traded hands during trading, an increase of 205% from the average session volume of 5,088,943 shares. The stock had previously closed at GBX 36 ($0.48).

Empire Metals Stock Performance

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 firm's 50 day simple moving average is GBX 49.17 and its 200 day simple moving average is GBX 29.19. The firm has a market capitalization of £284.29 million, a price-to-earnings ratio of -422.68 and a beta of 1.80.

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

Insider Buying and Selling at Empire Metals

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

Empire Metals Company Profile

(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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