Empire Metals (LON:EEE) Shares Down 3.7% – Here’s Why

Empire Metals Limited (LON:EEE)’s share price dropped 3.7% during trading on Tuesday . The stock traded as low as GBX 9 ($0.11) and last traded at GBX 9 ($0.11). Approximately 1,440,159 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 3,118,837 shares. The stock had previously closed at GBX 9.35 ($0.12).

Empire Metals Price Performance

The company has a market cap of £59.68 million, a P/E ratio of -17.58 and a beta of 1.80. The stock has a 50-day simple moving average of GBX 7.71 and a 200 day simple moving average of GBX 7.24. The company has a debt-to-equity ratio of 0.12, a quick ratio of 20.03 and a current ratio of 14.31.

Empire Metals Company Profile

Empire Metals is an exploration and resource development company focused on the Pitfield Project in Western Australia, a globally significant titanium project contained within a giant, sediment-hosted, hydrothermal mineral system.

The Company’s strategy is to accelerate project development and value creation at Pitfield, with the objective of establishing a demonstration plant in 2025 ahead of full integrated commercialisation.