Eurasia Mining (LON:EUA) Shares Down 10.8% – Here’s Why

Shares of Eurasia Mining Plc (LON:EUA) were down 10.8% during mid-day trading on Wednesday . The stock traded as low as GBX 2.17 ($0.03) and last traded at GBX 2.25 ($0.03). Approximately 17,476,797 shares were traded during mid-day trading, an increase of 47% from the average daily volume of 11,854,007 shares. The stock had previously closed at GBX 2.53 ($0.03).

Eurasia Mining Stock Down 12.9 %

The stock has a 50-day moving average of GBX 2.24 and a 200 day moving average of GBX 2.01. The company has a market capitalization of £62.89 million, a PE ratio of -210.90 and a beta of 0.90. The company has a quick ratio of 11.58, a current ratio of 2.80 and a debt-to-equity ratio of 1.02.

Eurasia Mining Company Profile

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.