Georgian Mining (LON:GEO) Shares Up 12.9% – Should You Buy?

Georgian Mining Corp (LON:GEO)’s stock price shot up 12.9% during trading on Tuesday . The stock traded as high as GBX 0.33 and last traded at GBX 0.31. 59,764,449 shares were traded during trading, a decline of 22% from the average session volume of 76,958,672 shares. The stock had previously closed at GBX 0.28.

Georgian Mining Stock Performance

The firm’s 50-day moving average price is GBX 0.34 and its 200 day moving average price is GBX 0.22. The company has a market cap of £15.83 million and a price-to-earnings ratio of -3.76.

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.