Eurasia Mining (LON:EUA) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Eurasia Mining Plc (LON:EUA) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 3.97 and traded as low as GBX 3.50. Eurasia Mining shares last traded at GBX 3.52, with a volume of 5,564,167 shares changing hands.

Eurasia Mining Stock Up 3.5%

The stock has a market capitalization of £109.20 million, a price-to-earnings ratio of -74.00 and a beta of 0.90. The company has a quick ratio of 11.58, a current ratio of 2.80 and a debt-to-equity ratio of 0.81. The business’s 50-day moving average is GBX 4.02 and its two-hundred day moving average is GBX 3.97.

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.