Empyrean Energy (LON:EME) Trading Down 8.6% – What’s Next?

Empyrean Energy Plc (LON:EME)’s stock price fell 8.6% during trading on Tuesday . The company traded as low as GBX 0.08 and last traded at GBX 0.09. 344,396,625 shares changed hands during mid-day trading, an increase of 219% from the average session volume of 107,828,945 shares. The stock had previously closed at GBX 0.09.

Empyrean Energy Stock Up 1.1%

The company has a debt-to-equity ratio of -174.21, a current ratio of 0.09 and a quick ratio of 0.01. The firm’s 50 day moving average price is GBX 0.04 and its two-hundred day moving average price is GBX 0.06. The firm has a market cap of £5.38 million, a price-to-earnings ratio of -1.04 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.