Empire Metals (LON:EEE) Trading Up 1.1% – Time to Buy?

Shares of Empire Metals Limited (LON:EEE) traded up 1.1% during mid-day trading on Monday . The stock traded as high as GBX 50 and last traded at GBX 48.90. Approximately 2,661,882 shares were traded during trading, an increase of 23% from the average daily volume of 2,165,400 shares. The stock had previously closed at GBX 48.35.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 62 target price on shares of Empire Metals in a research report on Thursday, June 11th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 62.

Empire Metals Stock Down 2.4%

The firm has a market capitalization of £356.98 million, a PE ratio of -93.08 and a beta of 2.17. The business’s fifty day moving average price is GBX 38.80 and its 200 day moving average price is GBX 35.70. The company has a quick ratio of 20.03, a current ratio of 15.45 and a debt-to-equity ratio of 0.37.

About Empire Metals

Empire Metals Ltd (AIM: EEE and OTCQX: EPMLF) is an exploration and resource development company focused on the commercialisation of the Pitfield Titanium Project, located in Western Australia. The titanium discovery at Pitfield is of unprecedented scale and hosts one of the largest and highest-grade titanium resources reported globally, with a Mineral Resource Estimate (MRE) totalling 2.2 billion tonnes grading 5.1% TiO? for 113 million tonnes of contained TiO?.

Titanium mineralisation at Pitfield occurs from surface and displays exceptional grade continuity along strike and down dip.