Eurasia Mining (LON:EUA) Stock Price Down 17% – Should You Sell?

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

Eurasia Mining Trading Down 17.0%

The company has a 50 day moving average of GBX 2.22 and a 200 day moving average of GBX 2.48. The firm has a market cap of £70.83 million, a P/E ratio of 14.33 and a beta of 0.48. The company has a debt-to-equity ratio of 3.46, a quick ratio of 11.58 and a current ratio of 3.58.

Eurasia Mining (LON:EUA) last posted its quarterly earnings data on Wednesday, September 30th. The mining company reported GBX 0.01 earnings per share (EPS) for the quarter. Eurasia Mining had a net margin of 3.94% and a return on equity of 1.39%. Analysts predict that Eurasia Mining Plc will post 13.00 EPS for the current fiscal year.

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. 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.