Empyrean Energy (LON:EME) Trading 12.3% Higher – Time to Buy?

Shares of Empyrean Energy Plc (LON:EME) were up 12.3% during trading on Tuesday . The stock traded as high as GBX 0.08 and last traded at GBX 0.07. Approximately 122,685,930 shares were traded during mid-day trading, a decline of 4% from the average daily volume of 127,421,820 shares. The stock had previously closed at GBX 0.07.

Empyrean Energy Stock Up 7.7%

The firm has a market cap of £4.00 million, a PE ratio of -0.78 and a beta of 1.58. The company has a quick ratio of 0.01, a current ratio of 0.09 and a debt-to-equity ratio of -174.21. The business has a 50-day moving average price of GBX 0.05 and a two-hundred day moving average price of GBX 0.06.

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. The company also has a 10% working interest in the Riverbend project located in the Jasper County, Texas; and 58.084% working interest in the Eagle Oil Pool Development project located in the San Joaquin Basin, southern California.