Georgian Mining (LON:GEO) Trading Up 37.5% – Should You Buy?

Shares of Georgian Mining Corp (LON:GEO) were up 37.5% on Wednesday . The company traded as high as GBX 0.40 ($0.01) and last traded at GBX 0.38 ($0.01). Approximately 293,212,563 shares were traded during trading, an increase of 386% from the average daily volume of 60,381,066 shares. The stock had previously closed at GBX 0.28 ($0.00).

Georgian Mining Stock Performance

The stock has a 50-day moving average of GBX 0.19 and a two-hundred day moving average of GBX 0.45. The company has a market cap of £457,448.94 and a P/E ratio of -0.05.

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.