Empire Metals (LON:EEE) Trading 16.7% Higher – Here’s What Happened

Empire Metals Limited (LON:EEE) shares were up 16.7% during mid-day trading on Friday . The stock traded as high as GBX 45.70 and last traded at GBX 45.50. Approximately 4,913,250 shares were traded during mid-day trading, an increase of 4% from the average daily volume of 4,711,705 shares. The stock had previously closed at GBX 39.

Empire Metals Trading Up 15.4%

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 company’s 50-day moving average is GBX 35.82 and its 200 day moving average is GBX 38.37. The company has a market cap of £319.90 million, a price-to-earnings ratio of -463.92 and a beta of 1.80.

Insider Activity

In other Empire Metals news, insider Neil O’Brien bought 87,000 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were purchased at an average cost of GBX 29 per share, for a total transaction of £25,230. Also, insider Peter Damouni purchased 89,335 shares of Empire Metals stock in a transaction that occurred on Friday, November 14th. The stock was acquired at an average cost of GBX 28 per share, with a total value of £25,013.80. Insiders have acquired 301,335 shares of company stock worth $8,774,380 in the last ninety days. Company insiders own 5.10% of the company’s stock.

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. Drill results have indicated excellent continuity in grades and consistency of the mineralised beds and confirm that the sandstone beds hold the higher-grade titanium dioxide (TiO₂) values within the interbedded succession of sandstones, siltstones and conglomerates.