Empire Metals (LON:EEE) Shares Up 0.1% – Here’s Why

Shares of Empire Metals Limited (LON:EEE) shot up 0.1% on Monday . The company traded as high as GBX 10.20 ($0.14) and last traded at GBX 10.10 ($0.13). 524,451 shares were traded during mid-day trading, a decline of 83% from the average session volume of 3,074,971 shares. The stock had previously closed at GBX 10.09 ($0.13).

Empire Metals Stock Performance

The stock has a fifty day simple moving average of GBX 10.95 and a two-hundred day simple moving average of GBX 8.81. The stock has a market cap of £66.33 million, a price-to-earnings ratio of -19.54 and a beta of 1.80. The company has a debt-to-equity ratio of 0.12, a quick ratio of 20.03 and a current ratio of 14.31.

Empire Metals Company Profile

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.