Empire Metals (LON:EEE) Issues Quarterly Earnings Results

Empire Metals (LON:EEE) posted its quarterly earnings results on Thursday. The company reported GBX (0.26) EPS for the quarter, Digital Look Earnings reports.

Empire Metals Trading Up 5.0%

Shares of LON EEE opened at GBX 42.75 on Friday. The company has a current ratio of 15.45, a quick ratio of 20.03 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of £315.31 million, a PE ratio of -82.21 and a beta of 2.17. The business has a 50-day moving average price of GBX 41.57 and a two-hundred day moving average price of GBX 36.28. Empire Metals has a one year low of GBX 25.63 and a one year high of GBX 84.

Wall Street Analyst Weigh In

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

Empire Metals Company Profile

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.