Empyrean Energy (LON:EME) Shares Up 27.6% – Should You Buy?

Empyrean Energy Plc (LON:EMEGet Free Report)’s stock price shot up 27.6% during mid-day trading on Monday . The company traded as high as GBX 0.35 ($0.00) and last traded at GBX 0.32 ($0.00). 24,281,246 shares traded hands during trading, an increase of 185% from the average session volume of 8,525,756 shares. The stock had previously closed at GBX 0.25 ($0.00).

Empyrean Energy Trading Up 10.7 %

The company has a market cap of £3.86 million, a P/E ratio of -26.95 and a beta of 1.58. The business has a fifty day moving average price of GBX 0.30 and a 200-day moving average price of GBX 0.35. The company has a quick ratio of 0.01, a current ratio of 0.09 and a debt-to-equity ratio of 145.70.

Empyrean Energy Company Profile

(Get Free Report)

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.

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