Empire Metals (LON:EEE) Trading Up 4.3% – Still a Buy?

Shares of Empire Metals Limited (LON:EEEGet Free Report) traded up 4.3% during mid-day trading on Friday . The stock traded as high as GBX 36.50 and last traded at GBX 36. 1,454,306 shares were traded during trading, a decline of 35% from the average session volume of 2,240,279 shares. The stock had previously closed at GBX 34.50.

Empire Metals Trading Up 4.3%

The company has a market capitalization of £265.52 million, a price-to-earnings ratio of -69.23 and a beta of 2.19. The firm has a 50-day moving average price of GBX 33.68 and a 200-day moving average price of GBX 35.53. The company has a current ratio of 15.45, a quick ratio of 20.03 and a debt-to-equity ratio of 0.37.

Empire Metals (LON:EEEGet Free Report) last issued its quarterly earnings results on Monday, March 23rd. The company reported GBX (0.52) earnings per share (EPS) for the quarter.

Empire Metals Company Profile

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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.

Further Reading

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