Shares of Georgian Mining Corp (LON:GEO – Get Free Report) were down 9.4% on Friday . The company traded as low as GBX 1.40 ($0.02) and last traded at GBX 1.45 ($0.02). Approximately 439,239 shares changed hands during trading, a decline of 73% from the average daily volume of 1,625,078 shares. The stock had previously closed at GBX 1.60 ($0.02).
Georgian Mining Stock Down 9.4 %
The company’s 50 day moving average price is GBX 1.45 and its two-hundred day moving average price is GBX 1.45. The firm has a market cap of £1.94 million and a PE ratio of -0.20.
About Georgian Mining
Georgian Mining Corporation engages in the exploration and development of copper and gold properties in Georgia and Austria. The company's principal property is the Kvemo Bolnisi copper-gold project located in Georgia. It also holds interests in the Tsitsel Sopeli project; the Dambludka base and precious metal project; the Khrami project; and the David Garedji copper-gold project located in Georgia, as well as the Walchen Copper Gold VMS project situated in Austria.
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