Eurasia Mining (LON:EUA) Shares Cross Below 200-Day Moving Average - Here's Why

Key Points

• Eurasia Mining's shares fell below their 200-day moving average of GBX 4.28, closing at GBX 2.50 during trading on Friday, reflecting a 15.3% decline.
• The company reported a negative P/E ratio of -1,086.96 and a negative return on equity of -1.89% for the latest quarter.
• Eurasia Mining is primarily involved in the exploration and production of various minerals including palladium, platinum, and copper, with significant projects in Russia.

Eurasia Mining Plc (LON:EUA - Get Free Report)'s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4.28 ($0.06) and traded as low as GBX 2.50 ($0.03). Eurasia Mining shares last traded at GBX 2.50 ($0.03), with a volume of 4,270,381 shares.

Eurasia Mining Trading Down 15.3%

The stock has a fifty day moving average of GBX 4.07 and a 200 day moving average of GBX 4.28. The company has a market capitalization of £73.79 million, a P/E ratio of -1,086.96 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 - Get Free Report) last posted its quarterly earnings results on Tuesday, September 30th. The mining company reported GBX 0.16 EPS for the quarter. Eurasia Mining had a negative return on equity of 1.89% and a negative net margin of 19.44%. As a group, equities research analysts anticipate that Eurasia Mining Plc will post 13.0005669 EPS 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.

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