logo-loader
Energy
viewEmpyrean Energy PLC

Empyrean Energy shares are already up by 20% today, but how high can they go?

Technical analyst Zak Mir is tipping the Empyrean Energy PLC (LON:EME) to head towards 12p over the summer months.

“There was the big breakout earlier this month through the 200-day moving average at 3.85p,” says Mir in the latest Proactive Investors Bulletin Board.

“At least while we’re above that the target here over the next two to three months could be as high as 12p which is the top of a 2016 rising price channel.”

Quick facts: Empyrean Energy PLC

Price: 10.75 GBX

AIM:EME
Market: AIM
Market Cap: £47.62 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Ariana Resources' Kerim Sener talks 'continued positive performance' at...

Ariana Resources PLC's (LON:AAU) Kerim Sener says the firm's enjoyed one its strongest quarters ever for revenues generated. He says production from the Kiziltepe mine in Turkey was just shy of 7,000oz and combined with a very strong gold price boosted sales. Sener also updates on...

24 minutes ago

2 min read