Empyrean Energy (LON:EME) Shares Up 12.3% – Here’s What Happened

Empyrean Energy Plc (LON:EME)’s share price was up 12.3% during mid-day trading on Tuesday . The stock traded as high as GBX 0.08 and last traded at GBX 0.07. Approximately 122,685,930 shares traded hands during mid-day trading, a decline of 4% from the average daily volume of 127,421,820 shares. The stock had previously closed at GBX 0.07.

Empyrean Energy Price Performance

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 has a market capitalization of £4.18 million, a PE ratio of -0.81 and a beta of 1.58. The stock’s 50-day moving average is GBX 0.05 and its two-hundred day moving average is GBX 0.06.

Empyrean Energy Company Profile

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. The company also has a 10% working interest in the Riverbend project located in the Jasper County, Texas; and 58.084% working interest in the Eagle Oil Pool Development project located in the San Joaquin Basin, southern California.