Eurasia Mining (LON:EUA) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Eurasia Mining Plc (LON:EUA) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4.15 ($0.06) and traded as low as GBX 2.94 ($0.04). Eurasia Mining shares last traded at GBX 3.29 ($0.04), with a volume of 9,253,297 shares traded.

Eurasia Mining Price Performance

The stock has a market capitalization of £92.70 million, a price-to-earnings ratio of -6,282.00 and a beta of 0.90. The company has a fifty day simple moving average of GBX 3.90 and a 200 day simple moving average of GBX 4.15. 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 EPS for the quarter. Eurasia Mining had a negative return on equity of 1.89% and a negative net margin of 19.44%. Equities research analysts forecast that Eurasia Mining Plc will post 13.0005669 EPS 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.