Georgian Mining (LON:GEO) Trading Down 9.4% – Here’s Why

Georgian Mining Corp (LON:GEO)’s stock price fell 9.4% during mid-day trading on Friday . The company traded as low as GBX 1.40 ($0.02) and last traded at GBX 1.45 ($0.02). 439,239 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 1,625,078 shares. The stock had previously closed at GBX 1.60 ($0.02).

Georgian Mining Stock Down 9.4 %

The stock has a 50-day simple moving average of GBX 1.45 and a 200-day simple moving average of GBX 1.45. The firm has a market capitalization of £1.94 million and a PE ratio of -0.20.

Georgian Mining Company Profile

Georgian Mining Corporation engages in the exploration and development of copper and gold properties in Georgia and Austria. The company's principal property is the Kvemo Bolnisi copper-gold project located in Georgia. It also holds interests in the Tsitsel Sopeli project; the Dambludka base and precious metal project; the Khrami project; and the David Garedji copper-gold project located in Georgia, as well as the Walchen Copper Gold VMS project situated in Austria.