Empyrean Energy (LON:EME) Reaches New 52-Week Low – Should You Sell?

Empyrean Energy Plc (LON:EME)’s share price hit a new 52-week low during trading on Monday . The company traded as low as GBX 0.09 ($0.00) and last traded at GBX 0.10 ($0.00), with a volume of 17163641 shares traded. The stock had previously closed at GBX 0.10 ($0.00).

Empyrean Energy Price Performance

The company has a market cap of £1.14 million, a price-to-earnings ratio of -9.25 and a beta of 1.58. The company’s 50 day moving average price is GBX 0.16 and its 200 day moving average price is GBX 0.26. The company has a current ratio of 0.09, a quick ratio of 0.01 and a debt-to-equity ratio of 145.70.

Empyrean Energy Company Profile

Empyrean Energy Plc engages in the exploration, development, and production of energy resource projects. It has a 100% working interest in the Block 29/11 project located in the Pearl River Mouth Basin, offshore China; and 8.5% working interest in the Duyung production sharing contract that covers an area of approximately 1,100 kilometer square in the West Natuna Basin, Indonesia.