Empyrean Energy (LON:EME) Shares Up 27.6% – Should You Buy?

Empyrean Energy Plc (LON:EMEGet Free Report) rose 27.6% on Monday . The company traded as high as GBX 0.35 ($0.00) and last traded at GBX 0.32 ($0.00). Approximately 24,281,246 shares changed hands during mid-day trading, an increase of 185% from the average daily volume of 8,525,756 shares. The stock had previously closed at GBX 0.25 ($0.00).

Empyrean Energy Trading Up 10.7 %

The company has a debt-to-equity ratio of 145.70, a current ratio of 0.09 and a quick ratio of 0.01. The company has a market capitalization of £3.86 million, a price-to-earnings ratio of -26.95 and a beta of 1.58. The business’s 50-day moving average price is GBX 0.30 and its two-hundred day moving average price is GBX 0.35.

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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