Empire Metals (LON:EEE) Shares Down 10.2% – What’s Next?

Empire Metals Limited (LON:EEE)’s stock price traded down 10.2% during mid-day trading on Monday . The stock traded as low as GBX 37 ($0.49) and last traded at GBX 37.70 ($0.50). 3,587,034 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 4,994,170 shares. The stock had previously closed at GBX 42 ($0.56).

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 company has a 50-day moving average price of GBX 49.39 and a 200-day moving average price of GBX 29.28. The firm has a market capitalization of £309.95 million, a PE ratio of -460.82 and a beta of 1.80.

Empire Metals (LON:EEE) last issued its quarterly earnings data on Thursday, September 4th. The company reported GBX (0.23) earnings per share (EPS) for the quarter.

Insider Buying and Selling at Empire Metals

In other Empire Metals news, insider Gregory Kuenzel ACA bought 111,091 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was purchased at an average cost of GBX 45 per share, for a total transaction of £49,990.95. Also, insider Shaun Bunn bought 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The stock was acquired at an average price of GBX 37 per share, with a total value of £14,800. Corporate insiders own 5.06% of the company’s stock.

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.