Eurasia Mining (LON:EUA) Stock Price Up 20.3% – Here’s Why

Eurasia Mining Plc (LON:EUA) shares shot up 20.3% on Thursday . The stock traded as high as GBX 4 and last traded at GBX 3.97. 11,569,665 shares changed hands during mid-day trading, an increase of 36% from the average session volume of 8,490,145 shares. The stock had previously closed at GBX 3.30.

Eurasia Mining Stock Up 15.5%

The company has a current ratio of 2.80, a quick ratio of 11.58 and a debt-to-equity ratio of 0.81. The stock’s 50-day moving average price is GBX 4.21 and its 200-day moving average price is GBX 4.07. The company has a market cap of £112.45 million, a P/E ratio of -76.20 and a beta of 0.90.

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.