Empyrean Energy (LON:EME) Trading Down 20.1% – Here’s Why

Empyrean Energy Plc (LON:EMEGet Free Report) traded down 20.1% during mid-day trading on Thursday . The company traded as low as GBX 0.22 ($0.00) and last traded at GBX 0.25 ($0.00). 4,978,100 shares were traded during trading, a decline of 42% from the average session volume of 8,562,931 shares. The stock had previously closed at GBX 0.31 ($0.00).

Empyrean Energy Price Performance

The company has a debt-to-equity ratio of 145.70, a current ratio of 0.08 and a quick ratio of 0.01. The business’s fifty day moving average is GBX 0.32 and its 200-day moving average is GBX 0.37. The firm has a market cap of £3.23 million, a PE ratio of -33.00 and a beta of 1.58.

Empyrean Energy Company Profile

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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.

Further Reading

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