Empire Metals (LON:EEE) Stock Price Up 1.2% – Time to Buy?

Empire Metals Limited (LON:EEE) shares traded up 1.2% on Thursday . The stock traded as high as GBX 38.45 and last traded at GBX 37.80. Approximately 587,728 shares were traded during trading, a decline of 74% from the average session volume of 2,250,053 shares. The stock had previously closed at GBX 37.35.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 62 price target on shares of Empire Metals in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Empire Metals presently has a consensus rating of “Buy” and an average price target of GBX 62.

Empire Metals Trading Up 0.7%

The stock’s 50 day simple moving average is GBX 41.50 and its 200 day simple moving average is GBX 36.70. The firm has a market cap of £280.72 million, a PE ratio of -72.91 and a beta of 2.17. The company has a debt-to-equity ratio of 0.22, a quick ratio of 20.03 and a current ratio of 37.87.

Empire Metals (LON:EEE) last posted its quarterly earnings data on Thursday, August 27th. The company reported GBX (0.26) earnings per share (EPS) for the quarter.

About Empire Metals

Empire Metals Ltd (AIM: EEE and OTCQX: EPMLF) is an exploration and resource development company focused on the commercialisation of the Pitfield Titanium Project, located in Western Australia. The titanium discovery at Pitfield is of unprecedented scale and hosts one of the largest and highest-grade titanium resources reported globally, with a Mineral Resource Estimate (MRE) totalling 2.2 billion tonnes grading 5.1% TiO? for 113 million tonnes of contained TiO?.

Titanium mineralisation at Pitfield occurs from surface and displays exceptional grade continuity along strike and down dip.