Empire Metals (LON:EEE) Issues Quarterly Earnings Results

Empire Metals (LON:EEE) posted its earnings results on Thursday. The company reported GBX (0.26) EPS for the quarter, Digital Look Earnings reports.

Empire Metals Price Performance

EEE opened at GBX 42.86 on Friday. Empire Metals has a fifty-two week low of GBX 25.63 and a fifty-two week high of GBX 84. The firm has a 50-day moving average of GBX 41.72 and a 200 day moving average of GBX 36.32. The company has a debt-to-equity ratio of 0.22, a quick ratio of 20.03 and a current ratio of 37.87. The firm has a market cap of £316.10 million, a P/E ratio of -82.42 and a beta of 2.17.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 62 price target on shares of Empire Metals in a research report on Thursday, June 11th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 62.

About Empire Metals

Empire Metals Ltd (AIM: EEE and OTCQX: EPMLF) is an exploration and resource development company focused on the commercialisation of the Pitfield Titanium Project, located in Western Australia. The titanium discovery at Pitfield is of unprecedented scale and hosts one of the largest and highest-grade titanium resources reported globally, with a Mineral Resource Estimate (MRE) totalling 2.2 billion tonnes grading 5.1% TiO₂ for 113 million tonnes of contained TiO₂.

Titanium mineralisation at Pitfield occurs from surface and displays exceptional grade continuity along strike and down dip.