Eurasia Mining (LON:EUA) Stock Price Passes Below 200 Day Moving Average - Here's What Happened

Key Points

• Eurasia Mining's stock price has fallen below its two hundred day moving average, trading as low as GBX 3.80 ($0.05) and closing at GBX 4.26 ($0.06).
• The company reported a negative net margin of 19.44% and a PE ratio of -275.87, indicating financial challenges.
• Eurasia Mining focuses on the exploration and development of various minerals including palladium, platinum, and nickel in Russia, with significant projects in the Urals and Kola Peninsula.

Eurasia Mining Plc (LON:EUA - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 4.27 ($0.06) and traded as low as GBX 3.80 ($0.05). Eurasia Mining shares last traded at GBX 4.26 ($0.06), with a volume of 4,615,284 shares changing hands.

Eurasia Mining Stock Performance

The company has a market capitalization of £115.45 million, a PE ratio of -275.87 and a beta of 0.90. 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 firm's 50-day simple moving average is GBX 4.21 and its 200-day simple moving average is GBX 4.27.

Eurasia Mining (LON:EUA - Get Free Report) last posted its earnings results on Tuesday, July 1st. The mining company reported GBX (0.23) ($0.00) EPS for the quarter. Eurasia Mining had a negative net margin of 19.44% and a negative return on equity of 1.89%. On average, research analysts predict that Eurasia Mining Plc will post 13.0005669 earnings per share 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.

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