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Empyrean Energy’s recent share price rise tipped to continue

Empyrean Energy Plc.’s (LON:EME) share price has surged over the past month or so, and technical analyst Zak Mir is expecting that run to continue for a little while yet; possibly up to 14p.

 “There’s been a very strong recovery for the stock over the last month [as] we’ve broken through former October resistance at 9p,” says Mir in the latest Proactive Investors Bulletin Board.

“While we remain above that 9p zone we could head as high as 14p which is the top of a 2015 price channel, even though shares have already risen quite substantially over the near term.”

Quick facts: Empyrean Energy PLC

Price: 9.8 GBX

AIM:EME
Market: AIM
Market Cap: £43.41 m
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