Eurasia Mining (LON:EUA) Shares Up 16.5% – Here’s Why

Eurasia Mining Plc (LON:EUA) shares traded up 16.5% during mid-day trading on Thursday . The company traded as high as GBX 2.60 ($0.03) and last traded at GBX 2.51 ($0.03). 28,331,229 shares changed hands during mid-day trading, an increase of 264% from the average session volume of 7,790,978 shares. The stock had previously closed at GBX 2.15 ($0.03).

Eurasia Mining Stock Up 16.5 %

The business has a 50 day simple moving average of GBX 2.12 and a 200-day simple moving average of GBX 2.18. The company has a debt-to-equity ratio of 1.02, a quick ratio of 11.58 and a current ratio of 2.80. The firm has a market capitalization of £71.64 million, a price-to-earnings ratio of -210.90 and a beta of 0.90.

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.