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

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

Georgian Mining Stock Performance

The stock’s 50 day moving average price is GBX 0.12 and its 200 day moving average price is GBX 0.23. The company has a market capitalization of £5.98 million and a P/E ratio of -3.40.

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.