Empire Metals (LON:EEE) Trading 3.8% Higher – Should You Buy?

Empire Metals Limited (LON:EEE)’s share price was up 3.8% during mid-day trading on Friday . The company traded as high as GBX 40 and last traded at GBX 38.40. Approximately 1,270,425 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 4,795,272 shares. The stock had previously closed at GBX 37.

Empire Metals Trading Up 3.8%

The company has a debt-to-equity ratio of 0.12, a quick ratio of 20.03 and a current ratio of 14.31. The firm has a market capitalization of £272.98 million, a PE ratio of -395.88 and a beta of 1.80. The company’s 50-day moving average price is GBX 37.07 and its 200-day moving average price is GBX 36.91.

Insider Buying and Selling at Empire Metals

In related news, insider Gregory Kuenzel ACA acquired 125,000 shares of the business’s stock in a transaction on Friday, November 14th. The shares were bought at an average price of GBX 30 per share, with a total value of £37,500. Also, insider Peter Damouni bought 89,335 shares of the stock in a transaction dated Friday, November 14th. The stock was bought at an average price of GBX 28 per share, with a total value of £25,013.80. Insiders have purchased 301,335 shares of company stock worth $8,774,380 over the last three months. Insiders own 5.10% of the company’s stock.

About Empire Metals

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.