Georgian Mining (LON:GEO) Trading Down 33.7% – Here’s What Happened

Georgian Mining Corp (LON:GEO)’s stock price was down 33.7% on Monday . The stock traded as low as GBX 0.12 and last traded at GBX 0.12. Approximately 208,049,563 shares were traded during mid-day trading, an increase of 55% from the average daily volume of 134,371,938 shares. The stock had previously closed at GBX 0.18.

Georgian Mining Trading Down 39.2%

The company’s fifty day simple moving average is GBX 0.26 and its 200 day simple moving average is GBX 0.26. The firm has a market capitalization of £5.39 million and a P/E ratio of -3.67.

About Georgian Mining

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.