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

Empyrean Energy Plc (LON:EME)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 0.11 ($0.00) and traded as high as GBX 0.14 ($0.00). Empyrean Energy shares last traded at GBX 0.13 ($0.00), with a volume of 53,540,102 shares trading hands.

Empyrean Energy Trading Down 0.7 %

The firm has a market cap of £5.42 million, a P/E ratio of -0.06 and a beta of 1.58. The stock has a 50 day simple moving average of GBX 0.11 and a 200-day simple moving average of GBX 0.19. The company has a current ratio of 0.09, a quick ratio of 0.01 and a debt-to-equity ratio of -174.21.

About Empyrean Energy

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.