Eurasia Mining (LON:EUA) Trading Down 12.9% - Should You Sell?

Key Points

• Eurasia Mining's shares dropped by 12.9% on Tuesday, trading as low as GBX 4.16 ($0.06) after previously closing at GBX 4.85 ($0.06).
• The company reported a negative net margin of 19.44% and a PE ratio of -317.16 during its last quarterly earnings.
• Eurasia Mining, primarily engaged in the exploration of various minerals in Russia, is facing scrutiny due to its debt-to-equity ratio of 0.81 and low profitability metrics.

Eurasia Mining Plc (LON:EUA - Get Free Report)'s stock price fell 12.9% during trading on Tuesday . The stock traded as low as GBX 4.16 ($0.06) and last traded at GBX 4.22 ($0.06). 16,668,043 shares were traded during trading, a decline of 4% from the average session volume of 17,306,059 shares. The stock had previously closed at GBX 4.85 ($0.06).

Eurasia Mining Price Performance

The company's 50 day moving average is GBX 4.24 and its 200 day moving average is GBX 4.38. 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 stock has a market capitalization of £125.77 million, a price-to-earnings ratio of -300.50 and a beta of 0.90.

Eurasia Mining (LON:EUA - Get Free Report) last announced its quarterly earnings results on Tuesday, July 1st. The mining company reported GBX (0.23) ($0.00) EPS for the quarter. Eurasia Mining had a negative return on equity of 1.89% and a negative net margin of 19.44%. 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.