Empire Metals (LON:EEE) Trading 1.1% Higher – Here’s Why

Empire Metals Limited (LON:EEE)’s share price traded up 1.1% during trading on Monday . The company traded as high as GBX 50 and last traded at GBX 48.90. Approximately 2,661,882 shares changed hands during trading, an increase of 23% from the average session volume of 2,165,400 shares. The stock had previously closed at GBX 48.35.

Analysts Set New Price Targets

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

Empire Metals Trading Up 1.1%

The company has a debt-to-equity ratio of 0.37, a quick ratio of 20.03 and a current ratio of 15.45. The stock has a market capitalization of £360.67 million, a P/E ratio of -94.04 and a beta of 2.17. The firm’s fifty day simple moving average is GBX 38.56 and its 200 day simple moving average is GBX 35.67.

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.