Empyrean Energy (LON:EME) Trading 17% Higher

Empyrean Energy Plc (LON:EME)’s share price traded up 17% during trading on Thursday . The company traded as high as GBX 0.55 ($0.01) and last traded at GBX 0.55 ($0.01). 1,145,512 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 4,339,339 shares. The stock had previously closed at GBX 0.47 ($0.01).

Empyrean Energy Trading Up 4.3 %

The company has a market capitalization of £6.27 million, a P/E ratio of -33.00 and a beta of 1.44. The business has a fifty day moving average price of GBX 0.59 and a 200 day moving average price of GBX 0.61. The company has a quick ratio of 0.01, a current ratio of 0.08 and a debt-to-equity ratio of 145.70.

Insider Activity

In related news, insider John Laycock bought 3,100,000 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were acquired at an average price of GBX 1 ($0.01) per share, for a total transaction of £31,000 ($38,939.83). Corporate insiders own 29.10% of the company’s stock.

About Empyrean Energy

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.