Eurasia Mining (LON:EUA) Trading Down 24.7% – Time to Sell?

Eurasia Mining Plc (LON:EUA)’s share price traded down 24.7% during trading on Tuesday . The company traded as low as GBX 2.05 and last traded at GBX 3.54. 25,446,871 shares changed hands during trading, an increase of 83% from the average session volume of 13,937,278 shares. The stock had previously closed at GBX 4.70.

Eurasia Mining Trading Down 10.9%

The company’s 50 day moving average price is GBX 4.19 and its 200 day moving average price is GBX 4.13. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.80 and a quick ratio of 11.58. The firm has a market cap of £123.66 million, a PE ratio of -83.80 and a beta of 0.90.

Eurasia Mining (LON:EUA) last released its earnings results on Tuesday, September 30th. The mining company reported GBX 0.16 EPS for the quarter. Eurasia Mining had a negative return on equity of 1.89% and a negative net margin of 19.44%. As a group, analysts forecast that Eurasia Mining Plc will post 13.0005669 EPS for the current fiscal year.

About Eurasia Mining

Eurasia Mining Plc, a mining and mineral exploration company, engages in the exploration, development, and production of palladium, platinum, rhodium, iridium, copper, nickel, gold, and other minerals in Russia. The company's principal projects are the West Kytlim mine located in the Urals; and the Monchetundra project situated on the Kola Peninsula. It also holds interest in the Nittis-Kumuzhya-Travyanaya project in Russia. The company was incorporated in 1995 and is headquartered in London, the United Kingdom.