Euro Sun Mining (TSE:ESM) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Euro Sun Mining Inc. (TSE:ESM)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$0.05 and traded as low as C$0.05. Euro Sun Mining shares last traded at C$0.05, with a volume of 65,000 shares.

Euro Sun Mining Stock Down 9.1 %

The firm has a market cap of C$13.20 million, a price-to-earnings ratio of -4.52 and a beta of 1.60. The company has a quick ratio of 0.08, a current ratio of 0.05 and a debt-to-equity ratio of -3.43. The firm has a fifty day moving average price of C$0.05 and a 200-day moving average price of C$0.05.

Insider Buying and Selling at Euro Sun Mining

In related news, Director Carlo Livolsi bought 2,906,000 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was purchased at an average cost of C$0.05 per share, for a total transaction of C$145,300.00. 7.25% of the stock is owned by company insiders.

Euro Sun Mining Company Profile

Euro Sun Mining Inc operates as a gold and copper exploration and development mining company in Romania. It primarily holds a 100% interest in the Rovina Valley project that covers an area of 27.68 square kilometers situated in west-central Romania. The company was formerly known as Carpathian Gold Inc and changed its name to Euro Sun Mining Inc in August 2016.