Empire Metals (LON:EEE) Shares Down 6.8% – Here’s What Happened

Empire Metals Limited (LON:EEE) shares dropped 6.8% during mid-day trading on Thursday . The company traded as low as GBX 10.83 ($0.14) and last traded at GBX 11 ($0.14). Approximately 2,827,994 shares changed hands during mid-day trading, a decline of 17% from the average daily volume of 3,387,579 shares. The stock had previously closed at GBX 11.80 ($0.15).

Empire Metals Trading Down 4.3 %

The firm has a market cap of £69.12 million, a price-to-earnings ratio of -20.36 and a beta of 1.80. The firm’s 50-day moving average is GBX 10.18 and its 200-day moving average is GBX 8. The company has a current ratio of 14.31, a quick ratio of 20.03 and a debt-to-equity ratio of 0.12.

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.