Eurasia Mining (LON:EUA) Shares Up 23.3% - Should You Buy?

Key Points

• Eurasia Mining's stock surged 23.3% during mid-day trading, reaching a high of GBX 5.17 before closing at GBX 4.90, following a previous close of GBX 3.98.
• The company's market capitalization stands at £141.74 million with a P/E ratio of -338.67, indicating potential volatility in its earnings.
• Eurasia Mining reported negative earnings per share of GBX (0.23) and projects a forecast EPS of approximately 13.00 for the current fiscal year, signaling ongoing financial challenges.

Eurasia Mining Plc (LON:EUA - Get Free Report) shot up 23.3% during mid-day trading on Monday . The stock traded as high as GBX 5.17 ($0.07) and last traded at GBX 4.90 ($0.07). 15,913,384 shares were traded during mid-day trading, a decline of 7% from the average session volume of 17,155,889 shares. The stock had previously closed at GBX 3.98 ($0.05).

Eurasia Mining Stock Performance

The stock has a market cap of £141.74 million, a P/E ratio of -338.67 and a beta of 0.90. The company's 50 day moving average price is GBX 4.21 and its 200-day moving average price is GBX 4.31. 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, July 1st. The mining company reported GBX (0.23) ($0.00) earnings per share for the quarter. Eurasia Mining had a negative net margin of 19.44% and a negative return on equity of 1.89%. Equities analysts forecast that Eurasia Mining Plc will post 13.0005669 EPS for the current fiscal year.

Eurasia Mining Company Profile

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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