Euro Sun Mining (TSE:ESM) Shares Down 2.6% - Should You Sell?

Key Points

• Euro Sun Mining's stock price has fallen 2.6%, trading between C$0.18 and C$0.19, with a recent total volume of 787,573 shares exchanged, indicating increased trading activity.
• The company has a market capitalization of C$76.61 million and exhibits a negative PE ratio of -18.54, suggesting potential financial challenges.
• Insider purchases have been noted, with directors acquiring a total of 770,000 shares recently, indicating potential confidence in the company's future despite current stock performance.

Euro Sun Mining Inc. (TSE:ESM - )'s stock price dropped 2.6% during trading on Tuesday . The company traded as low as C$0.18 and last traded at C$0.19. Approximately 787,573 shares changed hands during trading, an increase of 19% from the average daily volume of 664,074 shares. The stock had previously closed at C$0.19.

Euro Sun Mining Trading Down 2.6%

The stock has a market cap of C$76.61 million, a PE ratio of -18.54 and a beta of -0.09. The company has a quick ratio of 0.08, a current ratio of 0.05 and a debt-to-equity ratio of -3.43. The stock's fifty day moving average price is C$0.18 and its 200 day moving average price is C$0.12.

Insider Buying and Selling at Euro Sun Mining

In other Euro Sun Mining news, Director Carlo Livolsi purchased 405,000 shares of the firm's stock in a transaction dated Wednesday, June 25th. The stock was purchased at an average price of C$0.14 per share, for a total transaction of C$54,675.00. Also, Director Grant Sboros purchased 315,000 shares of the stock in a transaction dated Tuesday, June 24th. The shares were acquired at an average cost of C$0.14 per share, for a total transaction of C$42,525.00. Over the last quarter, insiders have acquired 770,000 shares of company stock worth $104,450. Company insiders own 7.25% of the company's stock.

Euro Sun Mining Company Profile

Euro Sun Mining Inc operates as a gold and copper exploration and development mining company in Romania. It primarily holds a 100% interest in the Rovina Valley project that covers an area of 27.68 square kilometers situated in west-central Romania. The company was formerly known as Carpathian Gold Inc and changed its name to Euro Sun Mining Inc in August 2016.

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