Georgian Mining (LON:GEO) Shares Pass Below Fifty Day Moving Average – Should You Sell?

Georgian Mining Corp (LON:GEO) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 0.33 and traded as low as GBX 0.28. Georgian Mining shares last traded at GBX 0.29, with a volume of 22,563,846 shares traded.

Georgian Mining Stock Performance

The firm’s 50-day simple moving average is GBX 0.33 and its 200 day simple moving average is GBX 0.23. The company has a market cap of £12.84 million and a P/E ratio of -8.73.

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.