Empire Metals (LON:EEE) Trading Up 7% – Time to Buy?

Empire Metals Limited (LON:EEE)’s stock price was up 7% on Tuesday . The stock traded as high as GBX 10 ($0.12) and last traded at GBX 9.52 ($0.12). Approximately 4,274,523 shares were traded during trading, an increase of 64% from the average daily volume of 2,609,873 shares. The stock had previously closed at GBX 8.90 ($0.11).

Empire Metals Price Performance

The stock’s 50 day moving average price is GBX 6.74 and its 200-day moving average price is GBX 7.06. The company has a quick ratio of 20.03, a current ratio of 14.31 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of £61.52 million, a PE ratio of -167.50 and a beta of 1.80.

About Empire Metals

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.