Empire Metals (LON:EEE) Shares Up 4.2%

Empire Metals Limited (LON:EEE) shares rose 4.2% during trading on Thursday . The company traded as high as GBX 8.10 ($0.10) and last traded at GBX 7.76 ($0.10). Approximately 3,369,120 shares traded hands during trading, a decline of 33% from the average daily volume of 5,018,731 shares. The stock had previously closed at GBX 7.45 ($0.09).

Empire Metals Stock Performance

The business has a 50-day moving average of GBX 8.26 and a 200-day moving average of GBX 8.32. The stock has a market capitalization of £46.47 million, a price-to-earnings ratio of -167.50 and a beta of 1.73.

Insider Transactions at Empire Metals

In related news, insider Shaun Bunn purchased 100,000 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was acquired at an average price of GBX 10 ($0.12) per share, for a total transaction of £10,000 ($12,351.78). Insiders own 19.28% of the company’s stock.

About Empire Metals

Empire Metals Limited engages in the exploration and development of properties in the United Kingdom, Australia, and Austria. The company mainly explores for copper, gold, and other high-value minerals. principal property is 75% owned the Eclipse-Gindalbie Project located to the north of Kalgoorlie, Western Australia; and holds 70% interest in the Pitfield Project comprising four granted exploration licenses covering 1,042 square kilometers located to the north of Perth, Western Australia.