Eurasia Mining (LON:EUA) Stock Price Up 19% – Should You Buy?

Eurasia Mining Plc (LON:EUA) shares were up 19% during trading on Tuesday. The stock traded as high as GBX 2.50 and last traded at GBX 2.50. 8,284,666 shares traded hands during mid-day trading, an increase of 74% from the average session volume of 4,748,340 shares. The stock had previously closed at GBX 2.10.

Eurasia Mining Price Performance

The business has a 50-day moving average of GBX 2.21 and a 200 day moving average of GBX 2.48. The company has a current ratio of 3.58, a quick ratio of 11.58 and a debt-to-equity ratio of 3.46. The firm has a market capitalization of £73.79 million, a P/E ratio of 14.33 and a beta of 0.48.

Eurasia Mining (LON:EUA) last announced its quarterly earnings results on Wednesday, September 30th. The mining company reported GBX 0.01 earnings per share (EPS) for the quarter. Eurasia Mining had a return on equity of 1.39% and a net margin of 3.94%. On average, sell-side analysts predict that Eurasia Mining Plc will post 13.00 earnings per share for the current fiscal year.

Eurasia Mining Company Profile

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.