Empire Metals (LON:EEE) Trading Up 4.3% – Here’s What Happened

Empire Metals Limited (LON:EEE)’s stock price rose 4.3% during trading on Friday . The company traded as high as GBX 32 and last traded at GBX 31.70. Approximately 13,565,702 shares changed hands during trading, an increase of 170% from the average daily volume of 5,026,638 shares. The stock had previously closed at GBX 30.40.

Empire Metals Price Performance

The company has a current ratio of 14.31, a quick ratio of 20.03 and a debt-to-equity ratio of 0.12. The firm has a fifty day moving average of GBX 46.52 and a 200 day moving average of GBX 32.35. The company has a market capitalization of £227.49 million, a P/E ratio of -329.90 and a beta of 1.80.

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

Insiders Place Their Bets

In related news, insider Gregory Kuenzel ACA acquired 111,091 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were acquired 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 firm’s stock in a transaction dated Wednesday, September 17th. The shares were acquired at an average price of GBX 37 per share, with a total value of £14,800. Company insiders own 5.06% of the company’s stock.

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.