Empyrean Energy (LON:EME) Trading 27% Higher – Still a Buy?

Empyrean Energy Plc (LON:EME) traded up 27% during mid-day trading on Monday . The stock traded as high as GBX 0.10 and last traded at GBX 0.09. 98,431,508 shares were traded during trading, a decline of 17% from the average session volume of 118,365,484 shares. The stock had previously closed at GBX 0.07.

Empyrean Energy Price Performance

The company has a market capitalization of £5.38 million, a price-to-earnings ratio of -1.04 and a beta of 1.58. The company has a current ratio of 0.09, a quick ratio of 0.01 and a debt-to-equity ratio of -174.21. The company has a 50 day moving average price of GBX 0.05 and a 200 day moving average price of GBX 0.06.

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. The company also has a 10% working interest in the Riverbend project located in the Jasper County, Texas; and 58.084% working interest in the Eagle Oil Pool Development project located in the San Joaquin Basin, southern California.