Empire Metals (LON:EEE) Shares Down 13.6% – What’s Next?

Empire Metals Limited (LON:EEE) shares fell 13.6% on Wednesday . The company traded as low as GBX 10.50 ($0.14) and last traded at GBX 10.50 ($0.14). 10,166,679 shares changed hands during mid-day trading, an increase of 179% from the average session volume of 3,641,200 shares. The stock had previously closed at GBX 12.15 ($0.16).

Empire Metals Stock Down 13.6 %

The business’s 50 day simple moving average is GBX 8.78 and its 200 day simple moving average is GBX 7.51. The company has a market capitalization of £68.96 million, a PE ratio of -20.31 and a beta of 1.80. The company has a quick ratio of 20.03, a current ratio of 14.31 and a debt-to-equity ratio of 0.12.

About Empire Metals

Empire Metals is an exploration and resource development company focused on the Pitfield Project in Western Australia, a globally significant titanium project contained within a giant, sediment-hosted, hydrothermal mineral system.

The Company’s strategy is to accelerate project development and value creation at Pitfield, with the objective of establishing a demonstration plant in 2025 ahead of full integrated commercialisation.