Georgian Mining (LON:GEO) Shares Up 13.6% – Here’s What Happened

Shares of Georgian Mining Corp (LON:GEO) shot up 13.6% during mid-day trading on Tuesday . The stock traded as high as GBX 0.12 and last traded at GBX 0.12. 33,878,535 shares traded hands during trading, a decline of 45% from the average session volume of 61,795,566 shares. The stock had previously closed at GBX 0.10.

Georgian Mining Stock Down 0.9%

The company’s fifty day moving average price is GBX 0.12 and its 200-day moving average price is GBX 0.20. The stock has a market capitalization of £6.56 million and a PE ratio of -2.22.

Georgian Mining Company Profile

Geo Exploration Limited (‘GEO’ or ‘the Company’) is an early stage mineral resource and hydrocarbon exploration company. The Company’s primary focus is highly prospective projects in Australia, with significant interest in Africa and the Mediterranean.

Geo is advancing its Juno Project in Western Australia, focusing on significant mineral resource opportunities. The Juno Project, a joint venture with Callum Baxter (80% held by Global and 20% by Mr Baxter), is located approximately 100km south of the town of Paraburdoo.