Empire Metals (LON:EEE) Trading Down 4.4% – Should You Sell?

Shares of Empire Metals Limited (LON:EEE) traded down 4.4% on Friday . The stock traded as low as GBX 6.50 ($0.08) and last traded at GBX 6.50 ($0.08). 1,002,119 shares traded hands during trading, a decline of 71% from the average session volume of 3,422,509 shares. The stock had previously closed at GBX 6.80 ($0.09).

Empire Metals Stock Performance

The firm has a market cap of £41.25 million, a price-to-earnings ratio of -167.50 and a beta of 1.80. The stock has a 50-day moving average of GBX 6.49 and a 200-day moving average of GBX 7.60. The company has a debt-to-equity ratio of 0.12, a quick ratio of 20.03 and a current ratio of 14.31.

About Empire Metals

Empire Metals Limited engages in the exploration and development of properties in the United Kingdom, Australia, and Austria. The company explores for copper, gold, lithium, titanium, and other minerals. It holds 75% interest in the Eclipse-Gindalbie Project located to the north of Kalgoorlie, Western Australia; 70% interest in the Pitfield Project comprising four granted exploration licenses covering 1,042 square kilometers located in Western Australia; and 70% interest in the Walton project located in Yerilgee greenstone belt near Perth.