Eurasia Mining (LON:EUA) Shares Down 5.4% – Here’s Why

Eurasia Mining Plc (LON:EUA)’s share price was down 5.4% during mid-day trading on Thursday . The company traded as low as GBX 4.45 ($0.06) and last traded at GBX 4.54 ($0.06). Approximately 1,187,154 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 16,447,734 shares. The stock had previously closed at GBX 4.80 ($0.06).

Eurasia Mining Trading Up 1.6%

The company has a 50 day moving average of GBX 4.53 and a 200 day moving average of GBX 4.67. The company has a debt-to-equity ratio of 0.81, a quick ratio of 11.58 and a current ratio of 2.80. The stock has a market capitalization of £131.28 million, a price-to-earnings ratio of -313.69 and a beta of 0.90.

Eurasia Mining (LON:EUA) last issued its earnings results on Tuesday, July 1st. The mining company reported GBX (0.23) earnings per share (EPS) for the quarter. Eurasia Mining had a negative return on equity of 1.89% and a negative net margin of 19.44%. On average, research analysts predict that Eurasia Mining Plc will post 13.0005669 EPS for the current fiscal year.

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.