Eurasia Mining (LON:EUA) Shares Cross Below 200 Day Moving Average - What's Next?

Key Points

• Eurasia Mining shares crossed below its 200-day moving average, trading as low as GBX 2.80 and last at GBX 2.98 versus the 200‑day MA of GBX 3.75, on volume of 2,056,795 shares.
• The company shows high leverage with a debt-to-equity ratio of 3.77 and a negative P/E (-59.60), while market capitalization is about £87.95 million and beta is 0.38.
• Eurasia Mining is a London‑based miner focused on palladium, platinum, rhodium, copper, nickel and gold in Russia, with principal projects at West Kytlim and Monchetundra.

Eurasia Mining Plc (LON:EUA - ) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3.75 and traded as low as GBX 2.80. Eurasia Mining shares last traded at GBX 2.98, with a volume of 2,056,795 shares.

Eurasia Mining Stock Performance

The company has a 50-day simple moving average of GBX 3.56 and a two-hundred day simple moving average of GBX 3.75. The company has a debt-to-equity ratio of 3.77, a quick ratio of 11.58 and a current ratio of 3.05. The firm has a market capitalization of £87.95 million, a P/E ratio of -59.60 and a beta of 0.38.

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. It also holds interest in the Nittis-Kumuzhya-Travyanaya project in Russia. The company was incorporated in 1995 and is headquartered in London, the United Kingdom.

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