Empyrean Energy (LON:EME) Shares Down 9%

Empyrean Energy Plc (LON:EME)’s stock price fell 9% during mid-day trading on Thursday . The stock traded as low as GBX 0.36 ($0.00) and last traded at GBX 0.36 ($0.00). 586,067 shares traded hands during trading, a decline of 88% from the average session volume of 4,691,925 shares. The stock had previously closed at GBX 0.40 ($0.01).

Empyrean Energy Trading Down 9.0 %

The company has a debt-to-equity ratio of 145.70, a current ratio of 0.08 and a quick ratio of 0.01. The company has a fifty day moving average of GBX 0.52 and a 200-day moving average of GBX 0.58. The firm has a market capitalization of £4.66 million, a PE ratio of -33.00 and a beta of 1.47.

Insider Buying and Selling

In other news, insider John Laycock acquired 3,100,000 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was acquired at an average cost of GBX 1 ($0.01) per share, for a total transaction of £31,000 ($39,400.10). 29.10% of the stock is owned by corporate insiders.

Empyrean Energy Company Profile

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.