Empire Metals (LON:EEE) Stock Price Down 10.2% – Should You Sell?

Empire Metals Limited (LON:EEE) was down 10.2% on Monday . The stock traded as low as GBX 37 ($0.50) and last traded at GBX 37.70 ($0.51). Approximately 3,587,034 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 4,994,170 shares. The stock had previously closed at GBX 42 ($0.56).

Empire Metals Stock Down 15.0%

The firm has a market capitalization of £247.54 million, a price-to-earnings ratio of -368.04 and a beta of 1.80. The company has a current ratio of 14.31, a quick ratio of 20.03 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average price of GBX 49.02 and a two-hundred day moving average price of GBX 29.01.

Empire Metals (LON:EEE) last announced its earnings results on Thursday, September 4th. The company reported GBX (0.23) EPS for the quarter.

Insider Activity

In related news, insider Gregory Kuenzel ACA bought 111,091 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The shares were acquired at an average cost of GBX 45 per share, for a total transaction of £49,990.95. Also, insider Shaun Bunn bought 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The shares were bought at an average price of GBX 37 per share, for a total transaction of £14,800. Company insiders own 5.06% of the company’s stock.

About Empire Metals

Empire Metals is an exploration and resource development company with a primary focus on developing Pitfield, an emerging giant titanium project in Western Australia.

The high-grade titanium discovery at Pitfield is of unprecedented scale, with airborne surveys identifying a massive, coincident gravity and magnetics anomaly extending over 40km by 8km by 5km deep.