Georgian Mining Corp’s Trend Down, Especially After Today’s Weak Session

 Georgian Mining Corp's Trend Down, Especially After Today's Weak Session

The stock of Georgian Mining Corp (LON:GEO) is a huge mover today! The stock decreased 5.37% or GBX 0.51 on November 7, hitting GBX 8.99. About 47,000 shares traded hands. Georgian Mining Corp (LON:GEO) has declined 42.42% since April 8, 2016 and is downtrending. It has underperformed by 44.38% the S&P500.
The move comes after 9 months negative chart setup for the GBX 4.42M company. It was reported on Nov, 7 by We have GBX 7.73 PT which if reached, will make LON:GEO worth GBX 618,800 less.

Another recent and important Georgian Mining Corp (LON:GEO) news was published by which published an article titled: “PEG Ratio (5 yr expected):” on March 29, 2014.

Georgian Mining Corporation, formerly Noricum Gold Limited, is a copper-gold exploration and development company. The company has a market cap of 4.42 million GBP. The Firm has 50% ownership and operational control of the Bolnisi Copper and Gold Project in Georgia, situated on the Tethyan Belt, which hosts a range of copper-gold deposits and producing mines. It currently has negative earnings. The Bolnisi license covers an area of over 860 square kilometers and has a 30 year mining license with two exploration projects: Kvemo Bolnisi and Tsitsel Sopeli.

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