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

Empyrean Energy Plc (LON:EME) shares were up 8.3% during mid-day trading on Wednesday . The company traded as high as GBX 0.09 ($0.00) and last traded at GBX 0.08 ($0.00). Approximately 23,011,246 shares traded hands during trading, a decline of 2% from the average daily volume of 23,443,248 shares. The stock had previously closed at GBX 0.07 ($0.00).

Empyrean Energy Stock Down 17.9 %

The company has a debt-to-equity ratio of 145.70, a current ratio of 0.09 and a quick ratio of 0.01. The business has a 50 day simple moving average of GBX 0.10 and a 200 day simple moving average of GBX 0.22. The stock has a market cap of £1.48 million, a PE ratio of -11.50 and a beta of 1.58.

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.