Georgian Mining (LON:GEO) Stock Price Up 17.7% – Still a Buy?

Georgian Mining Corp (LON:GEO) shares were up 17.7% during trading on Monday . The company traded as high as GBX 0.21 ($0.00) and last traded at GBX 0.21 ($0.00). Approximately 42,870,648 shares changed hands during trading, a decline of 22% from the average daily volume of 55,313,754 shares. The stock had previously closed at GBX 0.18 ($0.00).

Georgian Mining Stock Performance

The stock has a fifty day simple moving average of GBX 0.15 and a two-hundred day simple moving average of GBX 0.60. The stock has a market capitalization of £251,463.16 and a price-to-earnings ratio of -0.03.

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.