The stock of Georgian Mining Corp (LON:GEO) hit a new 52-week low and has GBX 7.81 target or 10.00% below today’s GBX 8.68 share price. The 6 months bearish chart indicates high risk for the GBX 4.16M company. The 1-year low was reported on Nov, 10 by Barchart.com. If the GBX 7.81 price target is reached, the company will be worth GBX 416,000 less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 0.80% or GBX 0.07 on November 10, hitting GBX 8.68. About 77,999 shares traded hands. Georgian Mining Corp (LON:GEO) has declined 46.97% since April 13, 2016 and is downtrending. It has underperformed by 52.62% the S&P500.
Another recent and important Georgian Mining Corp (LON:GEO) news was published by Uk.Finance.Yahoo.com 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 4.16 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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