Eurasia Mining (LON:EUA) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Shares of Eurasia Mining Plc (LON:EUA) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4.11 and traded as low as GBX 3.50. Eurasia Mining shares last traded at GBX 3.79, with a volume of 1,760,115 shares changing hands.

Eurasia Mining Stock Performance

The company has a current ratio of 2.80, a quick ratio of 11.58 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of £110.38 million, a price-to-earnings ratio of -74.80 and a beta of 0.90. The company has a 50-day moving average of GBX 3.62 and a 200-day moving average of GBX 4.11.

Eurasia Mining (LON:EUA) last posted its quarterly earnings results on Tuesday, September 30th. The mining company reported GBX 0.16 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, equities research analysts forecast that Eurasia Mining Plc will post 13.0005669 earnings per share for the current fiscal 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.