Empire Metals (LON:EEE) Trading 4.3% Higher – What’s Next?

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

Empire Metals Stock Performance

The firm has a market capitalization of £227.49 million, a price-to-earnings ratio of -329.90 and a beta of 1.80. The company has a 50-day moving average price of GBX 45.78 and a 200-day moving average price of GBX 32.66. The company has a quick ratio of 20.03, a current ratio of 14.31 and a debt-to-equity ratio of 0.12.

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

Insider Activity

In related news, insider Gregory Kuenzel ACA purchased 111,091 shares of the company’s stock in a transaction on Friday, September 12th. The shares were bought at an average cost of GBX 45 per share, for a total transaction of £49,990.95. Also, insider Shaun Bunn acquired 40,000 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was bought at an average price of GBX 37 per share, with a total value of £14,800. Corporate 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.