Eurasia Mining (LON:EUA) Shares Down 5.4% - Here's What Happened

Key Points

• Eurasia Mining Plc shares experienced a decline of 5.4% on Thursday, trading as low as GBX 4.45 ($0.06) with a significant drop in trading volume.
• The company reported a negative EPS of GBX (0.23) for the quarter, along with a negative return on equity of 1.89% and a net margin of 19.44%.
• Eurasia Mining is primarily involved in mineral exploration and production in Russia, focusing on precious metals such as palladium, platinum, and gold.

Eurasia Mining Plc (LON:EUA - Get Free Report)'s stock price was down 5.4% during trading on Thursday . The company traded as low as GBX 4.45 ($0.06) and last traded at GBX 4.54 ($0.06). Approximately 1,187,154 shares changed hands during trading, a decline of 93% from the average daily volume of 16,447,734 shares. The stock had previously closed at GBX 4.80 ($0.06).

Eurasia Mining Stock Down 9.3%

The stock's fifty day moving average is GBX 4.54 and its 200 day moving average is GBX 4.69. 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 £119.09 million, a P/E ratio of -284.54 and a beta of 0.90.

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