Eurasia Mining (LON:EUA) Stock Jumps 10.5% – Here’s Why

Eurasia Mining Plc (LON:EUA)’s stock price shot up 10.5% during mid-day trading on Thursday. The stock traded as high as GBX 2.10 and last traded at GBX 2.10. Approximately 3,079,100 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 4,798,318 shares. The stock had previously closed at GBX 1.90.

Eurasia Mining Stock Performance

The stock has a market cap of £61.98 million, a P/E ratio of 14.00 and a beta of 0.48. The company has a fifty day moving average price of GBX 2.30 and a 200 day moving average price of GBX 2.56. The company has a debt-to-equity ratio of 3.44, a current ratio of 4.61 and a quick ratio of 11.58.

Eurasia Mining (LON:EUA) last issued its earnings results on Wednesday, September 30th. The mining company reported GBX 0.01 earnings per share (EPS) for the quarter. Eurasia Mining had a return on equity of 19.91% and a net margin of 82.10%. On average, equities analysts expect that Eurasia Mining Plc will post 13.0005669 EPS 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.