Empire Metals (LON:EEE) Stock Price Down 6.4% – Should You Sell?

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

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 62 price objective on shares of Empire Metals in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Empire Metals currently has a consensus rating of “Buy” and a consensus price target of GBX 62.

Empire Metals Price Performance

The stock has a 50-day moving average price of GBX 41.48 and a two-hundred day moving average price of GBX 36.27. The company has a current ratio of 15.45, a quick ratio of 20.03 and a debt-to-equity ratio of 0.37. The stock has a market cap of £300.19 million, a price-to-earnings ratio of -78.27 and a beta of 2.17.

Empire Metals (LON:EEE) last released its quarterly earnings results on Thursday, August 27th. The company reported GBX (0.26) EPS 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.