Empire Metals (LON:EEE) Shares Down 3.4% – Here’s What Happened

Empire Metals Limited (LON:EEE) shares fell 3.4% on Friday . The stock traded as low as GBX 10 ($0.13) and last traded at GBX 10.19 ($0.14). 3,131,183 shares changed hands during mid-day trading, a decline of 2% from the average session volume of 3,188,235 shares. The stock had previously closed at GBX 10.55 ($0.14).

Empire Metals Stock Down 3.4 %

The stock has a fifty day moving average of GBX 10.74 and a two-hundred day moving average of GBX 8.37. The company has a quick ratio of 20.03, a current ratio of 14.31 and a debt-to-equity ratio of 0.12. The stock has a market cap of £66.91 million, a price-to-earnings ratio of -19.71 and a beta of 1.80.

Empire Metals Company Profile

Empire Metals is an exploration and resource development company with a primary focus on developing Pitfield, an emerging giant titanium project in Western Australia.

The high-grade titanium discovery at Pitfield is of unprecedented scale, with airborne surveys identifying a massive, coincident gravity and magnetics anomaly extending over 40km by 8km by 5km deep.