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

Georgian Mining Corp (LON:GEO) shot up 12.9% during mid-day trading on Tuesday . The company traded as high as GBX 0.33 and last traded at GBX 0.31. 59,764,449 shares traded hands 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 Up 2.5%

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

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.