Empire Metals (LON:EEE) Stock Falls 2.1% – What’s Next?
by Tristan Rich · The Markets DailyEmpire Metals Limited (LON:EEE – Get Free Report) shares traded down 2.1% during trading on Thursday. The stock traded as low as GBX 33.15 and last traded at GBX 33.69. 2,324,968 shares changed hands during mid-day trading, an increase of 8% from the average daily volume of 2,161,530 shares. The stock had previously closed at GBX 34.40.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 62 price objective on shares of Empire Metals in a research note on Thursday, September 24th. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 62.
View Our Latest Stock Report on Empire Metals
Empire Metals Trading Down 2.1%
The company has a market capitalization of £248.45 million, a price-to-earnings ratio of -64.53 and a beta of 2.17. The company has a fifty day moving average of GBX 40.04 and a 200-day moving average of GBX 37.30. The company has a current ratio of 37.87, a quick ratio of 20.03 and a debt-to-equity ratio of 0.22.
Empire Metals (LON:EEE – Get Free Report) last posted its quarterly earnings results on Thursday, August 27th. The company reported GBX (0.26) EPS for the quarter.
Empire Metals Company Profile
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.