Eurasia Mining (LON:EUA) Shares Up 9.6% - Here's Why

Key Points

• Eurasia Mining Plc shares increased by 9.6% during mid-day trading, reaching a high of GBX 3.89 ($0.05) before closing at GBX 3.73 ($0.05).
• The company reported negative net margin of 19.44% and a negative return on equity of 1.89%, with projected earnings per share (EPS) of 13.00 for the current fiscal year.
• Eurasia Mining specializes in the exploration and production of various minerals, with its principal projects located in Russia, including the West Kytlim mine and the Monchetundra project.

Eurasia Mining Plc (LON:EUA - Get Free Report) shares shot up 9.6% during mid-day trading on Friday . The company traded as high as GBX 3.89 ($0.05) and last traded at GBX 3.73 ($0.05). 2,500,553 shares were traded during mid-day trading, a decline of 83% from the average session volume of 14,515,771 shares. The stock had previously closed at GBX 3.40 ($0.05).

Eurasia Mining Stock Performance

The company has a quick ratio of 11.58, a current ratio of 2.80 and a debt-to-equity ratio of 0.81. The company has a market cap of £110.83 million, a PE ratio of -7,510.00 and a beta of 0.90. The business's fifty day moving average is GBX 3.84 and its 200-day moving average is GBX 4.13.

Eurasia Mining (LON:EUA - Get Free Report) last posted 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, research analysts predict 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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