Empyrean Energy (LON:EME) Shares Cross Below Two Hundred Day Moving Average of $0.61

Empyrean Energy Plc (LON:EME) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 0.61 ($0.01) and traded as low as GBX 0.44 ($0.01). Empyrean Energy shares last traded at GBX 0.45 ($0.01), with a volume of 6,681,292 shares.

Empyrean Energy Trading Down 6.3 %

The company has a debt-to-equity ratio of 145.70, a quick ratio of 0.01 and a current ratio of 0.08. The stock has a market capitalization of £5.70 million, a PE ratio of -33.00 and a beta of 1.44. The business’s 50-day moving average is GBX 0.59 and its two-hundred day moving average is GBX 0.61.

Insider Transactions at Empyrean Energy

In other news, insider John Laycock purchased 3,100,000 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were acquired at an average cost of GBX 1 ($0.01) per share, for a total transaction of £31,000 ($38,939.83). Company insiders own 29.10% of the company’s stock.

About Empyrean Energy

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.