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How Eurasia Mining's Share Price Looks Today

Thu Oct 14 2021 18:43
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Eurasia Mining is currently trading at a price of 22.50p, and this price is set to go even higher. Read on to learn more about EUA shares.

Eurasia Mining PLC is a mining company that deals in gold, nickel, copper, iridium, rhodium, platinum, and palladium, among other minerals. The company has a market cap of £642.051 and is currently trading at a price of 22.50 p.

The 52-week range of EUA is between 13.01p and 45.00p, so it has dropped significantly. When the company was listed on the London Stock Exchange, EUA stocks had a price of 305p, but this would quickly drop to 20.50p by 1st June 1999.

Is Eurasia Mining's Share Price Set to Increase?

According to Market Beat, it is difficult to determine whether EUA shares will go up in value since there is insufficient data to evaluate the company’s performance. On September 30th 2021, the company released records indicating that investors have earned $0.04 per share for the quarter.

When Covid-19 was officially declared a pandemic by WHO on March 11th 2020, EUA stocks were trading at a price of 0.07p. It has now increased by more than 31,000% and has a current price of 22.50p.

Eurasia Mining's Share Price Forecast According to Wallet Investor

Wallet Investor has attempted to predict the future price of EUA shares based on technical analysis. The site notes that EUA stocks are an excellent investment option for long-term investors. Here are some predictions made on the site regarding Eurasia Mining's Share Price:
  • By December 2021, the price of EUA shares will have gone up by close to 2% and will range from 26.363p to 26.872p.
  • In June 2022, Eurasia Mining’s share price will have gone up to a maximum of 32.536p.
  • By the end of 2022, the price of EUA shares will have increased to a maximum of 38.436p.
  • In 2023, the price of EUA shares will increase steadily throughout the year, and by the end of the year, it will trade at a price of about 50.002p.
  • The same trend will keep going in 2024, and by the end of December, the shares will be selling at a price of 61.592p.
  • In January 2025, EUA shares will trade at a price of 62.175p, and by the end of December, the price will have increased to 73.174p.
The predictions at Wallet Investor go up to October 2026, and the site predicts that the price will have increased to 81.741p.

About EUA Stock Price and Chart

Eurasia Mining was founded in 1996 and was listed on the London Stock Exchange in the same year. The company has been operating in the Kola Peninsula and the Urals, and it has also been involved in the West Kytlim and Monchetundra projects.

Its mining license at West Kytlim was issued in 2015, and the production license for the Monchetundra project was issued in 2018. These two projects are likely to increase the price of the Eurasia Mining PLC EUA stock significantly.

Infrastructure in these two sites is still being constructed, and the production is still quite modest.

Alternative Investments to Eurasia Mining: Pretium Resources

Eurasia Mining has a number of direct competitors. One of these is Pretium Resources, a company that is listed on the New York Stock Exchange.

As noted in the final stock quote, the company has a share price of $10.59 and a market cap of $1.95 billion. It acquires, explores, and develops properties for precious metal resources and primarily focuses on gold mining sites in Northern British Columbia in Canada.

Alternative Investments to Eurasia Mining: Lundin Gold Inc.

Lundin Gold is another major competitor of Eurasia Mining, and it is abbreviated as LUG.TO on the stock market.

This company is listed on the Toronto Stock Exchange, and it is currently trading at a price of C$10.60 as noted in the final stock quote. The price has dropped from its 1-year high, but the long-term net profit margin is still expected to be high.

This company has a market cap of C$1.9 billion. This particular company focuses on the acquisition, exploration, and development of gold bases in the Fruta del Norte project. It has been in operation since 1986 and has its headquarters in Vancouver in Canada.

Alternative Investments to Eurasia Mining: Superior Plus Corp

Superior Plus Corp is the sixth-largest distributor of propane in the United States. It is also involved in energy services, construction products, and speciality chemicals.

The company is listed on the Toronto Stock Exchange (TSE), where it is abbreviated as SPB. Its headquarters are in Toronto, Canada. The market cap of Superior Plus Corp is C$2.41 billion. According to the last stock quote, it is currently trading at a price of $13.78.

Alternative Investments to Eurasia Mining: Champion Iron

Champion Iron is involved in the exploration and development of iron ore. It has major projects in Labrador Trough, which is the largest source of iron ore in Canada. The company has a market cap of C$2.269 billion.

The latest stock quote indicates that the stock of the company is trading at a price of C$4.35. The price of this stock has been going up since the company was listed on the stock market in 2014, and at the time, it had a price of C$0.3450.

Should You Purchase EUA Stocks?

Long term investors can purchase these shares since the EUA stock price and chart indicates that the shares will appreciate over the next few years.

As mentioned in this guide, technical analysis suggests that the price of Eurasia Mining PLC EUA stock may go up to around 81.741p by 2026. It is worth noting that the metals traded by Eurasia are set to increase in demand, especially with the rise of electric vehicles.

If you are interested in buying EUA stocks, you should sign up on XOSignals, a website that will give you trading signals. With these signals, you will be able to determine when you should enter and exit the market. You will not be required to pay for this service, but upgrading to VIP status will attract some charges.
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