Georgian Mining (LON:GEO) Trading Down 4.5% – Time to Sell?

Shares of Georgian Mining Corp (LON:GEO) fell 4.5% during mid-day trading on Thursday . The company traded as low as GBX 0.14 and last traded at GBX 0.15. 58,922,793 shares changed hands during trading, a decline of 27% from the average session volume of 81,107,258 shares. The stock had previously closed at GBX 0.16.

Georgian Mining Price Performance

The firm has a market cap of £7.93 million and a P/E ratio of -4.67. The stock’s 50-day simple moving average is GBX 0.14 and its two-hundred day simple moving average is GBX 0.25.

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.