Georgian Mining (LON:GEO) Stock Price Down 18.5% – Time to Sell?

Georgian Mining Corp (LON:GEO)’s stock price traded down 18.5% during trading on Friday . The stock traded as low as GBX 0.31 ($0.00) and last traded at GBX 0.33 ($0.00). 190,240,875 shares changed hands during trading, an increase of 154% from the average session volume of 74,909,711 shares. The stock had previously closed at GBX 0.41 ($0.01).

Georgian Mining Stock Performance

The firm’s 50-day moving average price is GBX 0.28 and its 200 day moving average price is GBX 0.34. The company has a market cap of £17.89 million and a price-to-earnings ratio of -376.74.

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.