Empyrean Energy (LON:EME) Trading Down 1.1% – Should You Sell?

Empyrean Energy Plc (LON:EME)’s stock price dropped 1.1% 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 traded 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 Stock Performance

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 business has a 50 day moving average price of GBX 0.14 and a two-hundred day moving average price of GBX 0.25. The stock has a market cap of £1.03 million, a PE ratio of -8.00 and a beta of 1.58.

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.