Eurasia Mining (LON:EUA) Trading 13% Higher – What’s Next?

Eurasia Mining Plc (LON:EUA)’s share price shot up 13% during mid-day trading on Thursday . The stock traded as high as GBX 3.79 ($0.05) and last traded at GBX 3.70 ($0.05). 29,503,309 shares changed hands during trading, an increase of 162% from the average session volume of 11,281,519 shares. The stock had previously closed at GBX 3.28 ($0.04).

Eurasia Mining Stock Up 19.8 %

The firm has a market cap of £143 million, a price-to-earnings ratio of -210.90 and a beta of 0.90. The firm has a fifty day simple moving average of GBX 2.36 and a 200-day simple moving average of GBX 2.32. The company has a debt-to-equity ratio of 1.02, a quick ratio of 11.58 and a current ratio of 2.80.

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.