Euro Sun Mining (TSE:ESM) Trading 30% Higher – Still a Buy?

Euro Sun Mining Inc. (TSE:ESMGet Free Report)’s share price traded up 30% during mid-day trading on Thursday . The company traded as high as C$0.07 and last traded at C$0.07. 650,139 shares were traded during mid-day trading, an increase of 199% from the average session volume of 217,238 shares. The stock had previously closed at C$0.05.

Euro Sun Mining Stock Performance

The stock’s 50-day moving average price is C$0.05 and its 200-day moving average price is C$0.05. The company has a current ratio of 0.05, a quick ratio of 0.08 and a debt-to-equity ratio of -3.43. The company has a market capitalization of C$17.16 million, a P/E ratio of -5.88 and a beta of 1.60.

Euro Sun Mining Company Profile

(Get Free Report)

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.

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