Eurasia Mining (LON:EUA) Shares Up 9.8% – Should You Buy?

Eurasia Mining Plc (LON:EUA)’s stock price rose 9.8% during trading on Tuesday. The stock traded as high as GBX 3 and last traded at GBX 2.80. 6,997,665 shares traded hands during trading, an increase of 35% from the average daily volume of 5,192,591 shares. The stock had previously closed at GBX 2.55.

Eurasia Mining Trading Up 7.3%

The company has a market capitalization of £80.78 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 quick ratio of 11.58 and a current ratio of 3.58. The business has a fifty day moving average price of GBX 2.24 and a 200 day moving average price of GBX 2.78.

Eurasia Mining (LON:EUA) last posted its earnings results on Wednesday, September 30th. The mining company reported GBX 0.01 earnings per share (EPS) for the quarter. Eurasia Mining had a net margin of 3.94% and a return on equity of 1.39%. Analysts expect that Eurasia Mining Plc will post 13.00 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. 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.