Empyrean Energy (LON:EME) Trading Down 8.9% – Here’s Why

Empyrean Energy Plc (LON:EMEGet Free Report) was down 8.9% on Tuesday . The company traded as low as GBX 0.14 ($0.00) and last traded at GBX 0.15 ($0.00). Approximately 235,985,250 shares changed hands during trading, an increase of 43% from the average daily volume of 165,313,172 shares. The stock had previously closed at GBX 0.17 ($0.00).

Empyrean Energy Price Performance

The stock has a 50 day simple moving average of GBX 0.10 and a two-hundred day simple moving average of GBX 0.20. The company has a market cap of £1.88 million, a price-to-earnings ratio of -14.60 and a beta of 1.58. The company has a debt-to-equity ratio of 145.70, a current ratio of 0.09 and a quick ratio of 0.01.

Empyrean Energy Company Profile

(Get Free Report)

Empyrean Energy Plc engages in the exploration, development, and production of energy resource projects. It has a 100% working interest in the Block 29/11 project located in the Pearl River Mouth Basin, offshore China; and 8.5% working interest in the Duyung production sharing contract that covers an area of approximately 1,100 kilometer square in the West Natuna Basin, Indonesia.

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