Eurasia Mining (LON:EUA) Trading Down 12.9% - Should You Sell?

Key Points

• Eurasia Mining Plc saw its share price decline by 12.9%, trading at GBX 2.70 ($0.04) after closing at GBX 3.10 ($0.04). Approximately 5.8 million shares were traded, marking a 60% drop from its average daily volume.
• The company's market capitalization is £79.69 million with a negative PE ratio of -5,400.00, indicating significant financial challenges.
• In its latest quarterly earnings report, Eurasia Mining reported a GBX 0.16 EPS and a negative net margin of 19.44%, suggesting ongoing profitability concerns.

Eurasia Mining Plc (LON:EUA - Get Free Report)'s share price dropped 12.9% during trading on Thursday . The company traded as low as GBX 2.70 ($0.04) and last traded at GBX 2.70 ($0.04). Approximately 5,840,470 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 14,772,141 shares. The stock had previously closed at GBX 3.10 ($0.04).

Eurasia Mining Trading Down 12.9%

The business has a fifty day moving average price of GBX 3.94 and a 200 day moving average price of GBX 4.19. The company has a market capitalization of £79.69 million, a PE ratio of -5,400.00 and a beta of 0.90. The company has a debt-to-equity ratio of 0.81, a quick ratio of 11.58 and a current ratio of 2.80.

Eurasia Mining (LON:EUA - Get Free Report) last released its quarterly earnings data on Tuesday, September 30th. The mining company reported GBX 0.16 EPS for the quarter. Eurasia Mining had a negative return on equity of 1.89% and a negative net margin of 19.44%. Analysts expect that Eurasia Mining Plc will post 13.0005669 EPS for the current fiscal year.

About Eurasia Mining

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.