Empire Metals (LON:EEE) Trading Down 6.4% – Here’s What Happened

Empire Metals Limited (LON:EEE)’s share price traded down 6.4% during trading on Thursday . The company traded as low as GBX 40.20 and last traded at GBX 40.70. 3,540,451 shares traded hands during trading, an increase of 59% from the average session volume of 2,228,397 shares. The stock had previously closed at GBX 43.50.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 62 target price on shares of Empire Metals in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 62.

Empire Metals Trading Up 5.3%

The company has a debt-to-equity ratio of 0.22, a quick ratio of 20.03 and a current ratio of 37.87. The firm has a fifty day moving average price of GBX 41.72 and a 200 day moving average price of GBX 36.32. The company has a market cap of £316.10 million, a price-to-earnings ratio of -82.42 and a beta of 2.17.

Empire Metals (LON:EEE) last issued its earnings results on Thursday, August 27th. The company reported GBX (0.26) earnings per share for the quarter.

Empire Metals Company Profile

Empire Metals Ltd (AIM: EEE and OTCQX: EPMLF) is an exploration and resource development company focused on the commercialisation of the Pitfield Titanium Project, located in Western Australia. The titanium discovery at Pitfield is of unprecedented scale and hosts one of the largest and highest-grade titanium resources reported globally, with a Mineral Resource Estimate (MRE) totalling 2.2 billion tonnes grading 5.1% TiO₂ for 113 million tonnes of contained TiO₂.

Titanium mineralisation at Pitfield occurs from surface and displays exceptional grade continuity along strike and down dip.