Empire Metals (LON:EEE) Trading Up 16.7% – Still a Buy?

Empire Metals Limited (LON:EEE)’s stock price was up 16.7% on Friday . The company traded as high as GBX 45.70 and last traded at GBX 45.50. Approximately 4,913,250 shares changed hands during 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 Price Performance

The firm has a market capitalization of £319.90 million, a PE ratio of -463.92 and a beta of 1.80. The business’s 50 day moving average is GBX 35.70 and its two-hundred day moving average is GBX 38.06. The company has a debt-to-equity ratio of 0.12, a quick ratio of 20.03 and a current ratio of 14.31.

Insider Activity

In other news, insider Gregory Kuenzel ACA acquired 125,000 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was bought at an average cost of GBX 30 per share, for a total transaction of £37,500. Also, insider Neil O’Brien bought 87,000 shares of the stock in a transaction on Friday, November 14th. The stock was purchased at an average price of GBX 29 per share, for a total transaction of £25,230. Insiders have purchased a total of 301,335 shares of company stock worth $8,774,380 over 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.