Empire Metals (LON:EEE) Trading Up 9.3% – Should You Buy?

Empire Metals Limited (LON:EEE) was up 9.3% on Monday . The company traded as high as GBX 45.75 and last traded at GBX 44.80. 4,073,367 shares changed hands during mid-day trading, an increase of 82% from the average session volume of 2,240,967 shares. The stock had previously closed at GBX 41.

Wall Street Analysts Forecast Growth

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

Empire Metals Stock Performance

The company has a current ratio of 15.45, a quick ratio of 20.03 and a debt-to-equity ratio of 0.37. The company has a market capitalization of £291.34 million, a price-to-earnings ratio of -75.96 and a beta of 2.20. The stock’s fifty day simple moving average is GBX 34.88 and its 200-day simple moving average is GBX 35.79.

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.