Empyrean Energy (LON:EME) Trading 21.7% Higher – Here’s What Happened

Empyrean Energy Plc (LON:EMEGet Free Report) shares rose 21.7% during mid-day trading on Wednesday . The stock traded as high as GBX 0.33 ($0.00) and last traded at GBX 0.31 ($0.00). Approximately 12,509,566 shares were traded during mid-day trading, an increase of 46% from the average daily volume of 8,581,221 shares. The stock had previously closed at GBX 0.25 ($0.00).

Empyrean Energy Price Performance

The firm has a market capitalization of £3.69 million, a P/E ratio of -33.00 and a beta of 1.58. The business’s 50-day simple moving average is GBX 0.32 and its 200 day simple moving average is GBX 0.37. The company has a quick ratio of 0.01, a current ratio of 0.08 and a debt-to-equity ratio of 145.70.

About Empyrean Energy

(Get Free Report)

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.

Further Reading

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