Empyrean Energy (LON:EME) Shares Pass Above Fifty Day Moving Average of $0.58

Empyrean Energy Plc (LON:EME) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 0.58 ($0.01) and traded as high as GBX 0.58 ($0.01). Empyrean Energy shares last traded at GBX 0.50 ($0.01), with a volume of 181,785 shares trading hands.

Empyrean Energy Stock Performance

The company has a debt-to-equity ratio of 145.70, a current ratio of 0.08 and a quick ratio of 0.01. The stock has a market capitalization of £6.08 million, a PE ratio of -33.00 and a beta of 1.44. The stock’s 50 day simple moving average is GBX 0.59 and its two-hundred day simple moving average is GBX 0.62.

Insider Buying and Selling at Empyrean Energy

In other Empyrean Energy news, insider John Laycock purchased 3,100,000 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were bought at an average cost of GBX 1 ($0.01) per share, for a total transaction of £31,000 ($38,290.51). Corporate insiders own 29.10% of the company’s stock.

Empyrean Energy Company Profile

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.