Eurasia Mining (LON:EUA) Stock Price Down 7.9% - Here's What Happened

Key Points

• Eurasia Mining Plc's stock price dropped by 7.9%, closing at GBX 3.59 ($0.05), with a significant decline in trading volume of 54% compared to its average session.
• The company reported negative earnings per share of GBX (0.23) and has a negative net margin of 19.44% with a projected EPS of 13.0005669 for the current year.
• Eurasia Mining operates in Russia, focusing on the exploration and production of various minerals including palladium and platinum, with major projects located in the Urals and Kola Peninsula.

Eurasia Mining Plc (LON:EUA - Get Free Report) shares were down 7.9% on Wednesday . The stock traded as low as GBX 3.31 ($0.04) and last traded at GBX 3.59 ($0.05). Approximately 7,186,360 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 15,765,776 shares. The stock had previously closed at GBX 3.90 ($0.05).

Eurasia Mining Price Performance

The company has a market capitalization of £102.56 million, a P/E ratio of -1,510.87 and a beta of 0.90. The company's 50-day moving average price is GBX 4.49 and its two-hundred day moving average price is GBX 4.55. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.80 and a quick ratio of 11.58.

Eurasia Mining (LON:EUA - Get Free Report) last issued its quarterly earnings data on Tuesday, July 1st. The mining company reported GBX (0.23) 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%. As a group, sell-side analysts expect 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.