Empire Metals (LON:EEE) Shares Down 9.4% – What’s Next?

Empire Metals Limited (LON:EEE) shares were down 9.4% during trading on Friday . The company traded as low as GBX 36.26 and last traded at GBX 36.70. Approximately 8,018,039 shares changed hands during mid-day trading, an increase of 61% from the average daily volume of 4,986,974 shares. The stock had previously closed at GBX 40.50.

Empire Metals Stock Performance

The company’s fifty day simple moving average is GBX 42.51 and its two-hundred day simple moving average is GBX 33.83. The company has a debt-to-equity ratio of 0.12, a quick ratio of 20.03 and a current ratio of 14.31. The stock has a market capitalization of £260.90 million, a P/E ratio of -378.35 and a beta of 1.80.

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

Insider Buying and Selling

In related news, insider Neil O’Brien purchased 87,000 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were bought at an average price of GBX 29 per share, for a total transaction of £25,230. Also, insider Peter Damouni acquired 89,335 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were purchased at an average cost of GBX 28 per share, with a total value of £25,013.80. In the last 90 days, insiders purchased 452,426 shares of company stock valued at $15,253,475. Company insiders own 5.06% of the company’s stock.

About Empire Metals

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.