Empyrean Energy (LON:EME) Shares Down 7% – Here’s What Happened

Empyrean Energy Plc (LON:EMEGet Free Report) fell 7% on Wednesday . The stock traded as low as GBX 0.14 ($0.00) and last traded at GBX 0.15 ($0.00). 174,742,484 shares were traded during mid-day trading, an increase of 9% from the average session volume of 160,946,891 shares. The stock had previously closed at GBX 0.16 ($0.00).

Empyrean Energy Trading Down 7.0 %

The firm has a market cap of £1.90 million, a price-to-earnings ratio of -14.70 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 business has a 50-day moving average of GBX 0.09 and a 200-day moving average of GBX 0.21.

About Empyrean Energy

(Get Free Report)

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.

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