Empire Metals (LON:EEE) Stock Price Up 15.4% – What’s Next?

Empire Metals Limited (LON:EEE) shares shot up 15.4% on Wednesday . The stock traded as high as GBX 34.85 and last traded at GBX 34.85. 3,881,424 shares traded hands during mid-day trading, an increase of 54% from the average session volume of 2,520,492 shares. The stock had previously closed at GBX 30.20.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 62 target price on shares of Empire Metals in a research report on Friday, January 9th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 62.

Empire Metals Trading Up 15.4%

The company has a market cap of £247.75 million, a P/E ratio of -67.02 and a beta of 2.35. The company has a quick ratio of 20.03, a current ratio of 15.45 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of GBX 33.46 and a two-hundred day moving average price of GBX 38.41.

Empire Metals (LON:EEE) last posted its quarterly earnings results on Monday, March 23rd. The company reported GBX (0.52) earnings per share (EPS) for the quarter.

About Empire Metals

Empire Metals Ltd (AIM: EEE and OTCQX: EPMLF) is an exploration and resource development company focused on the commercialisation of the Pitfield Titanium Project, located in Western Australia. The titanium discovery at Pitfield is of unprecedented scale and hosts one of the largest and highest-grade titanium resources reported globally, with a Mineral Resource Estimate (MRE) totalling 2.2 billion tonnes grading 5.1% TiO₂ for 113 million tonnes of contained TiO₂.

Titanium mineralisation at Pitfield occurs from surface and displays exceptional grade continuity along strike and down dip.