Empyrean Energy (LON:EME) Trading Down 16% – Time to Sell?

Empyrean Energy Plc (LON:EMEGet Free Report)’s share price was down 16% on Tuesday . The company traded as low as GBX 0.09 ($0.00) and last traded at GBX 0.09 ($0.00). Approximately 396,742,000 shares changed hands during trading, an increase of 132% from the average daily volume of 171,065,609 shares. The stock had previously closed at GBX 0.11 ($0.00).

Empyrean Energy Price Performance

The firm has a market cap of £3.60 million, a price-to-earnings ratio of -0.04 and a beta of 1.58. The company has a current ratio of 0.09, a quick ratio of 0.01 and a debt-to-equity ratio of -174.21. The company’s 50-day moving average is GBX 0.12 and its 200-day moving average is GBX 0.13.

About Empyrean Energy

(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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