Georgian Mining (LON:GEO) Trading Up 2% – Time to Buy?

Georgian Mining Corp (LON:GEO)’s share price rose 2% during mid-day trading on Friday . The stock traded as high as GBX 0.12 and last traded at GBX 0.10. Approximately 151,098 shares were traded during trading, a decline of 100% from the average daily volume of 69,125,836 shares. The stock had previously closed at GBX 0.10.

Georgian Mining Trading Up 6.0%

The company has a market capitalization of £6.21 million and a P/E ratio of -3.53. The business has a 50 day moving average price of GBX 0.12 and a 200 day moving average price of GBX 0.23.

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. The Juno Project, a joint venture with Callum Baxter (80% held by Global and 20% by Mr Baxter), is located approximately 100km south of the town of Paraburdoo.