Empyrean Energy (LON:EME) Stock Price Crosses Below 200 Day Moving Average of $0.87

Shares of Empyrean Energy Plc (LON:EME) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 0.87 ($0.01) and traded as low as GBX 0.73 ($0.01). Empyrean Energy shares last traded at GBX 0.74 ($0.01), with a volume of 1,290,595 shares trading hands.

Empyrean Energy Price Performance

The company has a debt-to-equity ratio of 248.41, a current ratio of 0.01 and a quick ratio of 0.01. The firm has a fifty day moving average of GBX 0.80 and a two-hundred day moving average of GBX 0.87. The stock has a market capitalization of £7.14 million, a P/E ratio of -37.10 and a beta of 1.48.

Insider Activity at Empyrean Energy

In other news, insider Thomas Kelly acquired 2,109,375 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was purchased at an average cost of GBX 1 ($0.01) per share, for a total transaction of £21,093.75 ($25,904.15). 49.63% of the stock is currently owned by corporate insiders.

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.