Eurasia Mining (LON:EUA) Shares Up 11.3% - Here's What Happened

Shares of Eurasia Mining Plc (LON:EUA - Get Free Report) shot up 11.3% on Wednesday . The stock traded as high as GBX 5.05 ($0.07) and last traded at GBX 4.73 ($0.06). 21,586,326 shares were traded during trading, an increase of 18% from the average session volume of 18,350,646 shares. The stock had previously closed at GBX 4.25 ($0.06).

Eurasia Mining Trading Down 8.9%

The company has a fifty day simple moving average of GBX 4.13 and a two-hundred day simple moving average of GBX 3.97. 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 stock has a market capitalization of £133.61 million, a P/E ratio of -319.24 and a beta of 0.90.

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) earnings per share for the quarter. Eurasia Mining had a negative return on equity of 1.89% and a negative net margin of 19.44%. On average, sell-side analysts expect 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.