Empyrean Energy (LON:EME) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Empyrean Energy Plc (LON:EME)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 0.06 and traded as low as GBX 0.03. Empyrean Energy shares last traded at GBX 0.04, with a volume of 41,858,352 shares.

Empyrean Energy Stock Performance

The company has a quick ratio of 0.01, a current ratio of 0.09 and a debt-to-equity ratio of -174.21. The stock has a market capitalization of £5.43 million, a P/E ratio of -1.06 and a beta of 1.58. The business has a fifty day moving average price of GBX 0.04 and a 200-day moving average price of GBX 0.06.

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. The company also has a 10% working interest in the Riverbend project located in the Jasper County, Texas; and 58.084% working interest in the Eagle Oil Pool Development project located in the San Joaquin Basin, southern California.