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Eurasia Mining (LON:EUA) Shares Pass Below Two Hundred Day Moving Average - Here's Why

Eurasia Mining logo with Basic Materials background
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Key Points

  • Technical break: Eurasia Mining shares fell below their 200-day moving average of GBX 3.70, trading as low as GBX 2.70 and last at GBX 2.73 on volume of 2,626,828 shares.
  • Valuation and balance sheet: The company has a market cap of £80.66 million, a negative P/E of -54.66 and a high debt-to-equity ratio of 3.77, while reporting strong liquidity (current ratio 3.05, quick ratio 11.58).
  • Operations: Eurasia Mining is a Russia-focused miner of palladium, platinum, rhodium, iridium, copper, nickel and gold with principal projects at West Kytlim and Monchetundra.
  • Interested in Eurasia Mining? Here are five stocks we like better.

Eurasia Mining Plc (LON:EUA - Get Free Report)'s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3.70 and traded as low as GBX 2.70. Eurasia Mining shares last traded at GBX 2.73, with a volume of 2,626,828 shares.

Eurasia Mining Stock Performance

The company has a market capitalization of £80.66 million, a price-to-earnings ratio of -54.66 and a beta of 0.38. The company has a current ratio of 3.05, a quick ratio of 11.58 and a debt-to-equity ratio of 3.77. The stock's fifty day simple moving average is GBX 3.13 and its 200-day simple moving average is GBX 3.70.

Eurasia Mining Company Profile

(Get Free Report)

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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