Empyrean Energy (LON:EME) Sets New 1-Year Low – Time to Sell?

Empyrean Energy Plc (LON:EME) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 0.10 ($0.00) and last traded at GBX 0.12 ($0.00), with a volume of 62534703 shares traded. The stock had previously closed at GBX 0.12 ($0.00).

Empyrean Energy Stock Performance

The business has a fifty day simple moving average of GBX 0.25 and a 200-day simple moving average of GBX 0.31. 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 firm has a market cap of £1.52 million, a P/E ratio of -11.80 and a beta of 1.58.

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.