Empyrean Energy (LON:EME) Trading Up 11% – Should You Buy?

Empyrean Energy Plc (LON:EMEGet Free Report) shot up 11% during mid-day trading on Tuesday . The company traded as high as GBX 0.12 ($0.00) and last traded at GBX 0.11 ($0.00). 133,198,797 shares changed hands during trading, an increase of 133% from the average session volume of 57,142,434 shares. The stock had previously closed at GBX 0.10 ($0.00).

Empyrean Energy Stock Performance

The stock has a fifty day simple moving average of GBX 0.09 and a 200-day simple moving average of GBX 0.21. The company has a quick ratio of 0.01, a current ratio of 0.09 and a debt-to-equity ratio of 145.70. The company has a market capitalization of £1.52 million, a P/E ratio of -11.80 and a beta of 1.58.

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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