Eurasia Mining (LON:EUA) Stock Price Crosses Below 200-Day Moving Average - Time to Sell?

Key Points

• Eurasia Mining Plc (LON:EUA) crossed below its 200-day moving average of GBX 4.38, trading as low as GBX 4.11 during Friday's session.
• The company has reported a market capitalization of £125.77 million and a negative return on equity of -1.89%.
• Eurasia Mining's main projects include the West Kytlim mine in the Urals and the Monchetundra project on the Kola Peninsula, focusing on various metals including palladium and platinum.

Eurasia Mining Plc (LON:EUA - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 4.38 ($0.06) and traded as low as GBX 4.11 ($0.05). Eurasia Mining shares last traded at GBX 4.33 ($0.06), with a volume of 6,578,313 shares trading hands.

Eurasia Mining Stock Up 3.9%

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 company has a market capitalization of £125.27 million, a price-to-earnings ratio of -299.32 and a beta of 0.90. The firm's fifty day simple moving average is GBX 4.26 and its two-hundred day simple moving average is GBX 4.44.

Eurasia Mining (LON:EUA - Get Free Report) last released its quarterly earnings results on Tuesday, July 1st. The mining company reported GBX (0.23) ($0.00) 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%. Sell-side analysts anticipate that Eurasia Mining Plc will post 13.0005669 EPS for the current 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.