Georgian Mining (LON:GEO) Shares Down 9.4% – Here’s Why

Georgian Mining Corp (LON:GEOGet Free Report)’s stock price dropped 9.4% during mid-day trading on Friday . The stock traded as low as GBX 1.40 ($0.02) and last traded at GBX 1.45 ($0.02). Approximately 439,239 shares traded hands during trading, a decline of 73% from the average daily volume of 1,625,078 shares. The stock had previously closed at GBX 1.60 ($0.02).

Georgian Mining Price Performance

The company has a market cap of £1.94 million and a P/E ratio of -0.20. The company has a 50 day moving average of GBX 1.45 and a 200-day moving average of GBX 1.45.

About Georgian Mining

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Georgian Mining Corporation engages in the exploration and development of copper and gold properties in Georgia and Austria. The company's principal property is the Kvemo Bolnisi copper-gold project located in Georgia. It also holds interests in the Tsitsel Sopeli project; the Dambludka base and precious metal project; the Khrami project; and the David Garedji copper-gold project located in Georgia, as well as the Walchen Copper Gold VMS project situated in Austria.

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