Empyrean Energy (LON:EME) Trading Down 2.4%

Empyrean Energy Plc. (LON:EME)’s stock price dropped 2.4% during mid-day trading on Monday . The stock traded as low as GBX 8.20 ($0.11) and last traded at GBX 8.25 ($0.11), approximately 324,226 shares were traded during trading. A decline of 67% from the average daily volume of 990,929 shares. The stock had previously closed at GBX 8.45 ($0.11).

The firm has a fifty day simple moving average of GBX 8.47 and a 200-day simple moving average of GBX 8.80. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 12.41. The stock has a market cap of $34.88 million and a price-to-earnings ratio of 78.75.

About Empyrean Energy (LON:EME)

Empyrean Energy Plc engages in the exploration, development, and production of oil and gas properties. It has a 100% working interest in the Block 29/11 project located in the Pearl River Mouth Basin, offshore China; and 10% working interest in the Duyung production sharing contract that covers an area of approximately 1,100km2 in the West Natuna Basin, Indonesia.

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