Georgian Mining (LON:GEO) Trading Up 16.5% – Here’s What Happened

Georgian Mining Corp (LON:GEO)’s stock price rose 16.5% during trading on Tuesday . The company traded as high as GBX 0.13 and last traded at GBX 0.13. Approximately 61,155,234 shares were traded during trading, a decline of 41% from the average daily volume of 103,046,070 shares. The stock had previously closed at GBX 0.12.

Georgian Mining Stock Up 17.4%

The business’s 50 day simple moving average is GBX 0.19 and its 200 day simple moving average is GBX 0.26. The company has a market capitalization of £7.56 million and a PE ratio of -4.50.

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.