Empire Metals (LON:EEE) Trading Down 5.2% – Time to Sell?

Empire Metals Limited (LON:EEE)’s share price dropped 5.2% during trading on Tuesday . The company traded as low as GBX 6.26 ($0.08) and last traded at GBX 6.26 ($0.08). Approximately 6,528,038 shares were traded during mid-day trading, an increase of 79% from the average daily volume of 3,637,708 shares. The stock had previously closed at GBX 6.60 ($0.09).

Empire Metals Stock Down 5.2 %

The company has a market cap of £39.72 million, a P/E ratio of -167.50 and a beta of 1.80. 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 firm has a fifty day moving average price of GBX 7.34 and a 200 day moving average price of GBX 8.

About Empire Metals

Empire Metals Limited engages in the exploration and development of properties in the United Kingdom, Australia, and Austria. The company explores for copper, gold, lithium, titanium, and other minerals. It holds 75% interest in the Eclipse-Gindalbie Project located to the north of Kalgoorlie, Western Australia; 70% interest in the Pitfield Project comprising four granted exploration licenses covering 1,042 square kilometers located in Western Australia; and 70% interest in the Walton project located in Yerilgee greenstone belt near Perth.