Euro Sun Mining (TSE:ESM) Trading Down 6.8% - Here's What Happened

Key Points

• Euro Sun Mining's shares fell 6.8% to C$0.21, with trading volume increasing by 13% compared to the average session volume.
• Company insiders purchased a total of 770,000 shares worth $104,450 in the last quarter, indicating potential confidence in the stock despite its recent decline.
• The firm operates primarily in Romania's gold and copper exploration, holding a 100% interest in the Rovina Valley project.

Euro Sun Mining Inc. (TSE:ESM - Get Free Report) shares traded down 6.8% during mid-day trading on Tuesday . The company traded as low as C$0.20 and last traded at C$0.21. 773,080 shares were traded during trading, an increase of 13% from the average session volume of 681,522 shares. The stock had previously closed at C$0.22.

Euro Sun Mining Price Performance

The business has a fifty day moving average of C$0.16 and a 200-day moving average of C$0.11. The firm has a market cap of C$56.77 million, a PE ratio of -19.45 and a beta of 1.60. The company has a current ratio of 0.05, a quick ratio of 0.08 and a debt-to-equity ratio of -3.43.

Insider Transactions at Euro Sun Mining

In other news, Director Grant Sboros purchased 315,000 shares of Euro Sun Mining stock in a transaction dated Tuesday, June 24th. The stock was purchased at an average cost of C$0.14 per share, for a total transaction of C$42,525.00. Also, Director Carlo Livolsi purchased 405,000 shares of Euro Sun Mining stock in a transaction dated Wednesday, June 25th. The shares were purchased at an average price of C$0.14 per share, with a total value of C$54,675.00. Insiders have purchased a total of 770,000 shares of company stock worth $104,450 in the last three months. 7.25% of the stock is currently owned by insiders.

About Euro Sun Mining

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.