Empyrean Energy (LON:EME) Trading Down 3% – What’s Next?

Empyrean Energy Plc (LON:EMEGet Free Report) fell 3% during trading on Friday . The company traded as low as GBX 0.06 ($0.00) and last traded at GBX 0.06 ($0.00). 2,046,955 shares were traded during mid-day trading, a decline of 99% from the average session volume of 179,861,688 shares. The stock had previously closed at GBX 0.07 ($0.00).

Empyrean Energy Price Performance

The stock’s 50-day moving average price is GBX 0.08 and its 200 day moving average price is GBX 0.07. The firm has a market capitalization of £3.66 million, a price-to-earnings ratio of -35.56 and a beta of 1.58. The company has a quick ratio of 0.01, a current ratio of 0.09 and a debt-to-equity ratio of -174.21.

Empyrean Energy Company Profile

(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.

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