Empyrean Energy (LON:EME) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

Empyrean Energy Plc (LON:EME) 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 trading hands.

Empyrean Energy Stock Performance

The company has a debt-to-equity ratio of -174.21, a current ratio of 0.09 and a quick ratio of 0.01. The firm has a market capitalization of £4.52 million, a PE ratio of -0.88 and a beta of 1.58. The company’s fifty day simple moving average is GBX 0.05 and its 200 day simple moving average is 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.