Georgian Mining (LON:GEO) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Georgian Mining Corp (LON:GEO) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 1.16 ($0.01) and traded as low as GBX 0.12 ($0.00). Georgian Mining shares last traded at GBX 0.12 ($0.00), with a volume of 48,115,293 shares changing hands.

Georgian Mining Price Performance

The company has a market cap of £159,170.83 and a price-to-earnings ratio of -0.02. The company’s fifty day simple moving average is GBX 1.11.

Georgian Mining Company Profile

Georgian Mining Corporation engages in the exploration and development of copper and gold properties in Georgia and Austria. The company's principal property is the Kvemo Bolnisi copper-gold project located in Georgia. It also holds interests in the Tsitsel Sopeli project; the Dambludka base and precious metal project; the Khrami project; and the David Garedji copper-gold project located in Georgia, as well as the Walchen Copper Gold VMS project situated in Austria.