Eurasia Mining (LON:EUA) Trading Up 18.8% – Still a Buy?

Eurasia Mining Plc (LON:EUA) shares were up 18.8% on Wednesday . The company traded as high as GBX 3.99 and last traded at GBX 3.98. 5,671,679 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 13,756,145 shares. The stock had previously closed at GBX 3.35.

Eurasia Mining Trading Up 18.8%

The stock’s 50 day simple moving average is GBX 3.43 and its 200 day simple moving average is GBX 4.01. The firm has a market cap of £117.44 million, a PE ratio of -79.58 and a beta of 0.90. The company has a debt-to-equity ratio of 0.81, a quick ratio of 11.58 and a current ratio of 2.80.

Eurasia Mining (LON:EUA) last announced its earnings results on Tuesday, September 30th. The mining company reported GBX 0.16 earnings per share (EPS) for the quarter. Eurasia Mining had a negative net margin of 19.44% and a negative return on equity of 1.89%. On average, sell-side analysts forecast that Eurasia Mining Plc will post 13.0005669 earnings per share for the current fiscal 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.