Empyrean Energy (LON:EME) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Shares of Empyrean Energy Plc (LON:EME) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 0.18 ($0.00) and traded as low as GBX 0.14 ($0.00). Empyrean Energy shares last traded at GBX 0.14 ($0.00), with a volume of 200,344,578 shares changing hands.

Empyrean Energy Trading Up 1.4 %

The company has a debt-to-equity ratio of -174.21, a quick ratio of 0.01 and a current ratio of 0.09. The stock has a market capitalization of £5.66 million, a P/E ratio of -0.06 and a beta of 1.58. The firm’s fifty day simple moving average is GBX 0.12 and its 200 day simple moving average is GBX 0.18.

About Empyrean Energy

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.