Euro Sun Mining (TSE:ESM) Stock Passes Below 50 Day Moving Average – Here’s What Happened

Euro Sun Mining Inc. (TSE:ESM) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.04 and traded as low as C$0.04. Euro Sun Mining shares last traded at C$0.04, with a volume of 43,951 shares trading hands.

Euro Sun Mining Trading Down 11.1 %

The business has a 50-day moving average price of C$0.04 and a two-hundred day moving average price of C$0.05. The company has a market cap of C$13.61 million, a P/E ratio of -4.00 and a beta of 1.60. The company has a quick ratio of 0.08, a current ratio of 0.04 and a debt-to-equity ratio of 45.65.

Insider Buying and Selling at Euro Sun Mining

In related news, Director Carlo Livolsi purchased 2,906,000 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were bought at an average price of C$0.05 per share, with a total value of C$145,300.00. Corporate insiders own 7.25% of the company’s stock.

Euro Sun Mining Company Profile

Euro Sun Mining Inc operates as a gold and copper exploration and development mining company in Romania. It primarily holds a 100% interest in the Rovina Valley project that covers an area of 27.68 square kilometers situated in west-central Romania. The company was formerly known as Carpathian Gold Inc and changed its name to Euro Sun Mining Inc in August 2016.