Georgian Mining (LON:GEO) Shares Up 15.8% – Still a Buy?

Georgian Mining Corp (LON:GEO)’s share price was up 15.8% during trading on Wednesday . The company traded as high as GBX 0.14 and last traded at GBX 0.14. Approximately 49,936,352 shares traded hands during mid-day trading, a decline of 7% from the average daily volume of 53,972,605 shares. The stock had previously closed at GBX 0.12.

Georgian Mining Price Performance

The firm has a market capitalization of £8.14 million and a P/E ratio of -2.75. The company’s 50 day moving average price is GBX 0.11 and its 200 day moving average price is GBX 0.14.

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.