Euro Sun Mining (TSE:ESM) Trading Up 28.6% – Here’s Why

Euro Sun Mining Inc. (TSE:ESM)’s stock price traded up 28.6% on Friday . The company traded as high as C$0.05 and last traded at C$0.05. 52,078 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 153,852 shares. The stock had previously closed at C$0.04.

Euro Sun Mining Stock Up 42.9 %

The business’s 50 day simple moving average is C$0.04 and its 200 day simple moving average is C$0.05. The company has a market capitalization of C$17.02 million, a PE ratio of -5.00 and a beta of 1.60. The company has a quick ratio of 0.08, a current ratio of 0.04 and a debt-to-equity ratio of 45.65.

Insider Buying and Selling

In other news, Director Carlo Livolsi bought 2,906,000 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were acquired at an average cost of C$0.05 per share, for a total transaction of C$145,300.00. 7.25% of the stock is currently owned by corporate insiders.

About Euro Sun Mining

Euro Sun Mining Inc operates as a gold and copper exploration and development mining company in Romania. It primarily holds a 100% interest in the Rovina Valley project that covers an area of 27.68 square kilometers situated in west-central Romania. The company was formerly known as Carpathian Gold Inc and changed its name to Euro Sun Mining Inc in August 2016.