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

Eurasia Mining Plc (LON:EUA) crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of GBX 2.52 and traded as low as GBX 2. Eurasia Mining shares last traded at GBX 2.15, with a volume of 2,444,279 shares traded.

Eurasia Mining Price Performance

The firm has a 50-day moving average of GBX 2.24 and a 200-day moving average of GBX 2.52. The stock has a market cap of £62.42 million, a PE ratio of 14.33 and a beta of 0.48. The company has a debt-to-equity ratio of 3.46, a current ratio of 3.58 and a quick ratio of 11.58.

Eurasia Mining (LON:EUA) last posted its quarterly earnings results on Wednesday, September 30th. The mining company reported GBX 0.01 EPS for the quarter. Eurasia Mining had a return on equity of 1.39% and a net margin of 3.94%. Research analysts predict 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.