Empyrean Energy (LON:EME) Trading Down 1.1% – Here’s Why

Empyrean Energy Plc (LON:EME) was down 1.1% during trading on Friday . The company traded as low as GBX 0.08 ($0.00) and last traded at GBX 0.09 ($0.00). Approximately 16,398,666 shares changed hands during trading, an increase of 48% from the average daily volume of 11,106,223 shares. The stock had previously closed at GBX 0.09 ($0.00).

Empyrean Energy Price Performance

The stock has a market capitalization of £1.03 million, a PE ratio of -8.00 and a beta of 1.58. The company has a debt-to-equity ratio of 145.70, a current ratio of 0.09 and a quick ratio of 0.01. The firm’s 50 day simple moving average is GBX 0.14 and its 200 day simple moving average is GBX 0.25.

Empyrean Energy Company Profile

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.