Eurasia Mining (LON:EUA) Shares Up 8.5% - Time to Buy?

Key Points

• Eurasia Mining's share price increased by 8.5% during mid-day trading, reaching a high of GBX 3.90 ($0.05) from its previous close of GBX 3.40 ($0.05).
• The company reported a negative net margin of 19.44% and a negative return on equity of 1.89% in its latest quarterly earnings.
• Eurasia Mining is involved in the exploration and production of various minerals, with principal projects located in Russia, including the West Kytlim mine and the Monchetundra project.

Eurasia Mining Plc (LON:EUA - Get Free Report)'s share price shot up 8.5% during mid-day trading on Thursday . The company traded as high as GBX 3.90 ($0.05) and last traded at GBX 3.69 ($0.05). 5,525,555 shares changed hands during trading, a decline of 62% from the average session volume of 14,731,087 shares. The stock had previously closed at GBX 3.40 ($0.05).

Eurasia Mining Trading Up 14.7%

The company has a debt-to-equity ratio of 0.81, a quick ratio of 11.58 and a current ratio of 2.80. The stock's 50-day simple moving average is GBX 3.76 and its 200-day simple moving average is GBX 4.13. The firm has a market capitalization of £115.11 million, a PE ratio of -78.00 and a beta of 0.90.

Eurasia Mining (LON:EUA - Get Free Report) last issued its quarterly earnings data on Tuesday, September 30th. The mining company reported GBX 0.16 earnings per share (EPS) for the quarter. Eurasia Mining had a negative net margin of 19.44% and a negative return on equity of 1.89%. As a group, sell-side analysts expect 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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