Empyrean Energy (LON:EME) Trading Up 20.4% – Time to Buy?

Empyrean Energy Plc (LON:EMEGet Free Report)’s share price rose 20.4% during trading on Friday . The company traded as high as GBX 0.12 ($0.00) and last traded at GBX 0.12 ($0.00). Approximately 99,001,648 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 144,166,203 shares. The stock had previously closed at GBX 0.10 ($0.00).

Empyrean Energy Stock Up 2.0 %

The company has a current ratio of 0.09, a quick ratio of 0.01 and a debt-to-equity ratio of -174.21. The firm has a market capitalization of £4.05 million, a price-to-earnings ratio of -0.05 and a beta of 1.58. The business’s fifty day moving average price is GBX 0.12 and its 200 day moving average price is GBX 0.16.

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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