Empyrean Energy (LON:EME) Stock Price Up 14.3% – Here’s What Happened

Empyrean Energy Plc (LON:EME) shot up 14.3% during mid-day trading on Wednesday . The company traded as high as GBX 0.04 and last traded at GBX 0.04. 15,606,952 shares traded hands during trading, a decline of 90% from the average session volume of 160,530,500 shares. The stock had previously closed at GBX 0.04.

Empyrean Energy Price Performance

The company has a fifty day simple moving average of GBX 0.06 and a two-hundred day simple moving average of GBX 0.06. The company has a debt-to-equity ratio of -174.21, a quick ratio of 0.01 and a current ratio of 0.09. The company has a market capitalization of £2.12 million, a price-to-earnings ratio of -0.21 and a beta of 1.58.

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.