Empire Metals (LON:EEE) Shares Up 4.2%

Empire Metals Limited (LON:EEE) shares rose 4.2% on Thursday . The company traded as high as GBX 8.10 ($0.10) and last traded at GBX 7.76 ($0.10). Approximately 3,369,120 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 5,018,731 shares. The stock had previously closed at GBX 7.45 ($0.09).

Empire Metals Price Performance

The company has a fifty day moving average price of GBX 8.26 and a two-hundred day moving average price of GBX 8.32. The firm has a market cap of £46.47 million, a price-to-earnings ratio of -167.50 and a beta of 1.73.

Insider Activity

In related news, insider Shaun Bunn bought 100,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average cost of GBX 10 ($0.12) per share, for a total transaction of £10,000 ($12,351.78). Insiders own 19.28% of the company’s stock.

About Empire Metals

Empire Metals Limited engages in the exploration and development of properties in the United Kingdom, Australia, and Austria. The company mainly explores for copper, gold, and other high-value minerals. principal property is 75% owned the Eclipse-Gindalbie Project located to the north of Kalgoorlie, Western Australia; and holds 70% interest in the Pitfield Project comprising four granted exploration licenses covering 1,042 square kilometers located to the north of Perth, Western Australia.