Empyrean Energy (LON:EME) Trading 21.7% Higher – Here’s Why

Empyrean Energy Plc (LON:EMEGet Free Report) traded up 21.7% on Wednesday . The stock traded as high as GBX 0.33 ($0.00) and last traded at GBX 0.31 ($0.00). 12,509,566 shares traded hands during mid-day trading, an increase of 46% from the average session volume of 8,581,221 shares. The stock had previously closed at GBX 0.25 ($0.00).

Empyrean Energy Trading Up 14.4 %

The company has a debt-to-equity ratio of 145.70, a quick ratio of 0.01 and a current ratio of 0.08. The stock has a market capitalization of £3.69 million, a P/E ratio of -33.00 and a beta of 1.58. The stock has a 50-day moving average price of GBX 0.32 and a two-hundred day moving average price of GBX 0.37.

About Empyrean Energy

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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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