Empyrean Energy (LON:EME) Stock Passes Above 50 Day Moving Average of $0.58

Empyrean Energy Plc (LON:EME) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 0.58 ($0.01) and traded as high as GBX 0.58 ($0.01). Empyrean Energy shares last traded at GBX 0.50 ($0.01), with a volume of 181,785 shares traded.

Empyrean Energy Trading Down 4.8 %

The company has a debt-to-equity ratio of 145.70, a current ratio of 0.08 and a quick ratio of 0.01. The company has a market cap of £6.34 million, a PE ratio of -33.00 and a beta of 1.44. The company has a 50-day moving average of GBX 0.58 and a 200 day moving average of GBX 0.62.

Insiders Place Their Bets

In related news, insider John Laycock purchased 3,100,000 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was purchased at an average price of GBX 1 ($0.01) per share, with a total value of £31,000 ($38,290.51). 29.10% of the stock is owned by insiders.

About Empyrean Energy

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.