Empyrean Energy (LON:EME) Shares Down 12.5% – Here’s What Happened

Empyrean Energy Plc (LON:EME)’s share price was down 12.5% during mid-day trading on Wednesday . The company traded as low as GBX 0.04 and last traded at GBX 0.04. Approximately 20,142,627 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 46,053,871 shares. The stock had previously closed at GBX 0.04.

Empyrean Energy Trading Up 5.3%

The company has a quick ratio of 0.01, a current ratio of 0.09 and a debt-to-equity ratio of -174.21. The firm has a market cap of £2.29 million, a price-to-earnings ratio of -0.44 and a beta of 1.58. The business’s fifty day moving average is GBX 0.04 and its two-hundred day moving average is GBX 0.06.

About Empyrean Energy

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. The company also has a 10% working interest in the Riverbend project located in the Jasper County, Texas; and 58.084% working interest in the Eagle Oil Pool Development project located in the San Joaquin Basin, southern California.