Empyrean Energy (LON:EME) Stock Price Down 19%

Shares of Empyrean Energy Plc (LON:EMEGet Free Report) traded down 19% during trading on Thursday . The company traded as low as GBX 0.40 ($0.01) and last traded at GBX 0.40 ($0.01). 3,411,865 shares changed hands during trading, a decline of 19% from the average session volume of 4,207,015 shares. The stock had previously closed at GBX 0.50 ($0.01).

Empyrean Energy Price Performance

The stock has a 50-day simple moving average of GBX 0.57 and a 200 day simple moving average of GBX 0.60. The company has a market cap of £5.07 million, a PE ratio of -33.00 and a beta of 1.44. The company has a quick ratio of 0.01, a current ratio of 0.08 and a debt-to-equity ratio of 145.70.

Insider Buying and Selling

In other news, insider John Laycock acquired 3,100,000 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was acquired at an average cost of GBX 1 ($0.01) per share, with a total value of £31,000 ($38,944.72). 29.10% of the stock is currently owned by corporate insiders.

About Empyrean Energy

(Get Free Report)

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.

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