Empyrean Energy (LON:EME) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened
by Teresa Graham · The Cerbat GemEmpyrean Energy Plc (LON:EME – Get Free Report) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 0.05 and traded as low as GBX 0.04. Empyrean Energy shares last traded at GBX 0.04, with a volume of 32,479,850 shares.
Empyrean Energy Price Performance
The firm has a market capitalization of £2.29 million, a price-to-earnings ratio of -0.44 and a beta of 1.58. 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’s fifty day moving average is GBX 0.05 and its two-hundred day moving average is GBX 0.06.
About Empyrean Energy
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.