Eurasia Mining (LON:EUA) Shares Up 8.5% – Time to Buy?

Shares of Eurasia Mining Plc (LON:EUA) shot up 8.5% during trading on Thursday . The stock traded as high as GBX 3.90 ($0.05) and last traded at GBX 3.69 ($0.05). 5,525,555 shares changed hands during trading, a decline of 62% from the average session volume of 14,731,087 shares. The stock had previously closed at GBX 3.40 ($0.05).

Eurasia Mining Stock Up 14.7%

The company’s 50-day moving average is GBX 3.76 and its 200 day moving average is GBX 4.13. The company has a market capitalization of £115.11 million, a PE ratio of -78.00 and a beta of 0.90. The company has a debt-to-equity ratio of 0.81, a quick ratio of 11.58 and a current ratio of 2.80.

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