Empyrean Energy (LON:EME) Trading Up 12.1% – Still a Buy?

Empyrean Energy Plc (LON:EME) shares were up 12.1% during mid-day trading on Thursday . The stock traded as high as GBX 0.07 and last traded at GBX 0.07. Approximately 21,657,373 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 112,407,406 shares. The stock had previously closed at GBX 0.06.

Empyrean Energy Price Performance

The stock has a market cap of £3.72 million, a P/E ratio of -0.72 and a beta of 0.71. The company has a 50 day simple moving average of GBX 0.06 and a 200 day simple moving average of GBX 0.06. The company has a current ratio of 0.24, a quick ratio of 0.01 and a debt-to-equity ratio of -245.90.

About Empyrean Energy

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.