Empyrean Energy (LON:EME) Stock Passes Above 50 Day Moving Average – Should You Sell?

Empyrean Energy Plc (LON:EME)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 0.05 and traded as high as GBX 0.08. Empyrean Energy shares last traded at GBX 0.08, with a volume of 58,319,059 shares traded.

Empyrean Energy Stock Performance

The stock has a fifty day simple moving average of GBX 0.05 and a two-hundred day simple moving average of GBX 0.06. The stock has a market capitalization of £4.52 million, a price-to-earnings ratio of -0.88 and a beta of 1.58. The company has a debt-to-equity ratio of -174.21, a quick ratio of 0.01 and a current ratio of 0.09.

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.