Eurasia Mining (LON:EUA) Shares Down 17% – Here’s What Happened

Shares of Eurasia Mining Plc (LON:EUA) fell 17% during mid-day trading on Thursday. The stock traded as low as GBX 2.25 and last traded at GBX 2.40. Approximately 20,237,213 shares traded hands during mid-day trading, an increase of 294% from the average session volume of 5,132,457 shares. The stock had previously closed at GBX 2.89.

Eurasia Mining Price Performance

The company has a debt-to-equity ratio of 3.46, a current ratio of 3.58 and a quick ratio of 11.58. The stock has a 50 day moving average price of GBX 2.23 and a 200-day moving average price of GBX 2.48. The stock has a market capitalization of £85.59 million, a price-to-earnings ratio of 14.33 and a beta of 0.48.

Eurasia Mining (LON:EUA) last issued its earnings results on Wednesday, September 30th. The mining company reported GBX 0.01 EPS for the quarter. Eurasia Mining had a net margin of 3.94% and a return on equity of 1.39%. On average, analysts forecast that Eurasia Mining Plc will post 13.00 earnings per share for the current year.

About Eurasia Mining

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. It also holds interest in the Nittis-Kumuzhya-Travyanaya project in Russia. The company was incorporated in 1995 and is headquartered in London, the United Kingdom.