Empire Metals (LON:EEE) Stock Price Down 3.4% – Time to Sell?

Empire Metals Limited (LON:EEE) shares dropped 3.4% during mid-day trading on Friday . The stock traded as low as GBX 10 ($0.13) and last traded at GBX 10.19 ($0.14). Approximately 3,131,183 shares changed hands during trading, a decline of 2% from the average daily volume of 3,188,235 shares. The stock had previously closed at GBX 10.55 ($0.14).

Empire Metals Stock Down 3.4 %

The firm’s 50-day moving average price is GBX 10.74 and its 200-day moving average price is GBX 8.38. The company has a debt-to-equity ratio of 0.12, a current ratio of 14.31 and a quick ratio of 20.03. The company has a market cap of £66.91 million, a price-to-earnings ratio of -19.71 and a beta of 1.80.

About Empire Metals

Empire Metals is an exploration and resource development company with a primary focus on developing Pitfield, an emerging giant titanium project in Western Australia.

The high-grade titanium discovery at Pitfield is of unprecedented scale, with airborne surveys identifying a massive, coincident gravity and magnetics anomaly extending over 40km by 8km by 5km deep.