Empire Metals (LON:EEE) Stock Price Up 9.8% – What’s Next?

Empire Metals Limited (LON:EEE) was up 9.8% on Wednesday . The company traded as high as GBX 52.30 and last traded at GBX 50.40. 17,292,914 shares traded hands during trading, an increase of 669% from the average daily volume of 2,249,673 shares. The stock had previously closed at GBX 45.90.

Wall Street Analyst Weigh In

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

Empire Metals Price Performance

The stock’s fifty day moving average is GBX 40.06 and its 200-day moving average is GBX 35.89. The stock has a market capitalization of £371.73 million, a PE ratio of -96.92 and a beta of 2.17. The company has a debt-to-equity ratio of 0.37, a current ratio of 15.45 and a quick ratio of 20.03.

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.