Empire Metals (LON:EEE) Stock Price Up 11.7% - What's Next?

Key Points

• Empire Metals Limited stock rose by 11.7%, reaching as high as GBX 49 ($0.66), with an increased trading volume of 4,310,219 shares.
• The company's market capitalization is £306.29 million, with a price-to-earnings ratio of -90.23 and a notable low debt-to-equity ratio of 0.12.
• Empire Metals focuses on developing the Pitfield titanium project in Western Australia, which has been identified as a large-scale discovery with a significant gravity and magnetic anomaly.

Empire Metals Limited (LON:EEE - Get Free Report) shares shot up 11.7% during mid-day trading on Wednesday . The company traded as high as GBX 49 ($0.66) and last traded at GBX 48.01 ($0.65). 4,310,219 shares traded hands during mid-day trading, an increase of 12% from the average session volume of 3,834,877 shares. The stock had previously closed at GBX 43 ($0.58).

Empire Metals Price Performance

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 stock's fifty day moving average is GBX 31.06 and its 200-day moving average is GBX 18.48. The stock has a market cap of £400.43 million, a PE ratio of -86,567.16 and a beta of 1.80.

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