Empyrean Energy (LON:EME) Trading Up 14.3% – Still a Buy?

Empyrean Energy Plc (LON:EME) rose 14.3% during mid-day trading on Tuesday . The stock traded as high as GBX 0.04 and last traded at GBX 0.04. Approximately 18,341,689 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 158,750,906 shares. The stock had previously closed at GBX 0.04.

Empyrean Energy Stock Performance

The stock has a 50 day simple moving average of GBX 0.06 and a 200 day simple moving average of GBX 0.06. The company has a quick ratio of 0.01, a current ratio of 0.09 and a debt-to-equity ratio of -174.21. The company has a market cap of £2.17 million, a price-to-earnings ratio of -0.21 and a beta of 1.58.

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.