Georgian Mining (LON:GEO) Shares Down 5.5% – Here’s What Happened

Georgian Mining Corp (LON:GEO – Get Free Report) dropped 5.5% during trading on Tuesday . The stock traded as low as GBX 0.08 and last traded at GBX 0.09. Approximately 95,723,281 shares traded hands during trading, an increase of 82% from the average daily volume of 52,465,160 shares. The stock had previously closed at GBX 0.09.

Georgian Mining Price Performance

The firm has a market capitalization of £4.98 million and a PE ratio of -1.68. The firm has a fifty day moving average price of GBX 0.11 and a 200 day moving average price of GBX 0.16.

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About Georgian Mining

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Geo Exploration Limited (‘GEO’ or ‘the Company’) is an early stage mineral resource and hydrocarbon exploration company. The Company’s primary focus is highly prospective projects in Australia, with significant interest in Africa and the Mediterranean.

Geo is advancing its Juno Project in Western Australia, focusing on significant mineral resource opportunities. The Juno Project, a joint venture with Callum Baxter (80% held by Global and 20% by Mr Baxter), is located approximately 100km south of the town of Paraburdoo.

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