Georgian Mining (LON:GEO) Shares Down 4.5% – Here’s Why

Shares of Georgian Mining Corp (LON:GEO) fell 4.5% on Thursday . The company traded as low as GBX 0.14 and last traded at GBX 0.15. 58,922,793 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 81,107,258 shares. The stock had previously closed at GBX 0.16.

Georgian Mining Stock Performance

The firm has a market capitalization of £8.04 million and a P/E ratio of -4.73. The stock has a 50 day simple moving average of GBX 0.14 and a 200-day simple moving average of GBX 0.25.

Georgian Mining Company Profile

Geo Exploration Limited (‘GEO’ or ‘the Company’) is an early stage mineral resource and hydrocarbon exploration company. The Company’s primary focus is highly prospective projects in Australia, with significant interest in Africa and the Mediterranean.

Geo is advancing its Juno Project in Western Australia, focusing on significant mineral resource opportunities. The Juno Project, a joint venture with Callum Baxter (80% held by Global and 20% by Mr Baxter), is located approximately 100km south of the town of Paraburdoo.