Empyrean Energy (LON:EME) Stock Price Down 15.7% – Here’s Why

Shares of Empyrean Energy Plc (LON:EME) traded down 15.7% on Friday . The stock traded as low as GBX 0.10 ($0.00) and last traded at GBX 0.12 ($0.00). 323,938,250 shares were traded during mid-day trading, an increase of 640% from the average session volume of 43,795,949 shares. The stock had previously closed at GBX 0.14 ($0.00).

Empyrean Energy Price Performance

The company has a debt-to-equity ratio of 145.70, a current ratio of 0.09 and a quick ratio of 0.01. The firm has a fifty day moving average of GBX 0.10 and a two-hundred day moving average of GBX 0.22. The stock has a market capitalization of £1.51 million, a P/E ratio of -11.70 and a beta of 1.58.

Empyrean Energy Company Profile

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.