Eurasia Mining (LON:EUA) Shares Down 17% – Should You Sell?

Shares of Eurasia Mining Plc (LON:EUA) fell 17% during mid-day trading on Thursday. The company traded as low as GBX 2.25 and last traded at GBX 2.40. 20,237,213 shares changed hands during mid-day trading, an increase of 294% from the average session volume of 5,132,457 shares. The stock had previously closed at GBX 2.89.

Eurasia Mining Trading Down 17.0%

The company has a current ratio of 3.58, a quick ratio of 11.58 and a debt-to-equity ratio of 3.46. The company has a market capitalization of £70.83 million, a P/E ratio of 14.33 and a beta of 0.48. The business has a 50 day moving average price of GBX 2.22 and a 200 day moving average price of GBX 2.48.

Eurasia Mining (LON:EUA) last announced its quarterly earnings results on Wednesday, September 30th. The mining company reported GBX 0.01 earnings per share for the quarter. Eurasia Mining had a net margin of 3.94% and a return on equity of 1.39%. Analysts anticipate that Eurasia Mining Plc will post 13.00 EPS for the current year.

About Eurasia Mining

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. It also holds interest in the Nittis-Kumuzhya-Travyanaya project in Russia. The company was incorporated in 1995 and is headquartered in London, the United Kingdom.