Georgian Mining Corp (LON:GEO – Get Free Report) shares were down 10.3% during mid-day trading on Tuesday. The company traded as low as GBX 0.05 and last traded at GBX 0.05. 15,965,134 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 42,385,582 shares. The stock had previously closed at GBX 0.06.
Georgian Mining Trading Down 10.3%
The company has a market capitalization of £4.05 million and a P/E ratio of -1.03. The company has a 50 day moving average price of GBX 0.08 and a 200 day moving average price of GBX 0.10.
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.
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