Empyrean Energy (LON:EME) Trading Down 8.3% – Here’s Why

Empyrean Energy Plc (LON:EMEGet Free Report) shares fell 8.3% during mid-day trading on Monday . The company traded as low as GBX 0.10 ($0.00) and last traded at GBX 0.11 ($0.00). 17,323,523 shares traded hands during trading, an increase of 81% from the average session volume of 9,592,720 shares. The stock had previously closed at GBX 0.12 ($0.00).

Empyrean Energy Stock Performance

The stock’s 50-day moving average is GBX 0.21 and its 200-day moving average is GBX 0.28. The stock has a market cap of £1.42 million, a price-to-earnings ratio of -11.50 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 145.70.

Empyrean Energy Company Profile

(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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