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Euro Sun Mining (TSE:ESM) Trading Up 7.7% - Should You Buy?

Euro Sun Mining logo with Basic Materials background

Key Points

  • Euro Sun Mining's stock price increased by 7.7%, reaching C$0.21, with trading volume up 41% compared to its average daily volume.
  • The company's current financial ratios indicate a quick ratio of 0.08 and a debt-to-equity ratio of -3.43, suggesting potential financial instability.
  • Euro Sun Mining operates in Romania, primarily focusing on the Rovina Valley project, which it holds 100% ownership of and spans 27.68 square kilometers.
  • MarketBeat previews the top five stocks to own by November 1st.

Euro Sun Mining Inc. (TSE:ESM - Get Free Report)'s stock price was up 7.7% during trading on Wednesday . The stock traded as high as C$0.21 and last traded at C$0.21. Approximately 934,793 shares traded hands during trading, an increase of 41% from the average daily volume of 660,879 shares. The stock had previously closed at C$0.20.

Euro Sun Mining Stock Up 7.7%

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 company's 50 day moving average price is C$0.19 and its 200 day moving average price is C$0.14. The firm has a market capitalization of C$86.97 million, a price-to-earnings ratio of -18.54 and a beta of -0.40.

About Euro Sun Mining

(Get Free Report)

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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