Empire Metals (LON:EEE) Stock Price Down 4.1% – Time to Sell?

Empire Metals Limited (LON:EEEGet Free Report)’s stock price dropped 4.1% during mid-day trading on Monday . The stock traded as low as GBX 37.95 and last traded at GBX 38.30. Approximately 769,139 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 2,218,452 shares. The stock had previously closed at GBX 39.95.

Analysts Set New Price Targets

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

View Our Latest Research Report on EEE

Empire Metals Trading Up 3.2%

The stock has a fifty day moving average of GBX 36.65 and a 200 day moving average of GBX 35.96. The company has a market capitalization of £287.65 million, a P/E ratio of -75.00 and a beta of 2.17. The company has a debt-to-equity ratio of 0.37, a quick ratio of 20.03 and a current ratio of 15.45.

About Empire Metals

(Get Free Report)

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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