Empyrean Energy (LON:EME) Trading 5.7% Higher

Shares of Empyrean Energy Plc (LON:EME) traded up 5.7% during trading on Tuesday . The company traded as high as GBX 0.26 ($0.00) and last traded at GBX 0.26 ($0.00). 22,064,422 shares changed hands during mid-day trading, an increase of 292% from the average session volume of 5,635,074 shares. The stock had previously closed at GBX 0.25 ($0.00).

Empyrean Energy Price Performance

The business has a 50 day moving average of GBX 0.46 and a 200 day moving average of GBX 0.54. 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 company has a market cap of £3.07 million, a PE ratio of -33.00 and a beta of 1.47.

Insiders Place Their Bets

In other news, insider John Laycock acquired 3,100,000 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was acquired at an average price of GBX 1 ($0.01) per share, for a total transaction of £31,000 ($39,475.36). 29.10% of the stock is owned by corporate insiders.

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.