Empyrean Energy (LON:EME) Shares Down 9.5% – Here’s What Happened

Empyrean Energy Plc (LON:EME)’s stock price dropped 9.5% on Monday . The company traded as low as GBX 0.06 and last traded at GBX 0.07. Approximately 164,311,953 shares traded hands during mid-day trading, an increase of 28% from the average daily volume of 128,413,000 shares. The stock had previously closed at GBX 0.07.

Empyrean Energy Price Performance

The firm has a market cap of £4.00 million, a P/E ratio of -0.78 and a beta of 1.58. The company has a debt-to-equity ratio of -174.21, a current ratio of 0.09 and a quick ratio of 0.01. The firm’s 50 day moving average is GBX 0.05 and its 200 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.