Euro Sun Mining (TSE:ESM) Share Price Passes Below 50-Day Moving Average – Should You Sell?

Euro Sun Mining Inc. (TSE:ESMGet Free Report) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.05 and traded as low as C$0.05. Euro Sun Mining shares last traded at C$0.05, with a volume of 314,200 shares.

Euro Sun Mining Stock Performance

The business has a fifty day simple moving average of C$0.05 and a 200-day simple moving average of C$0.05. The company has a quick ratio of 0.08, a current ratio of 0.04 and a debt-to-equity ratio of 45.65. The firm has a market cap of C$17.02 million, a P/E ratio of -5.00 and a beta of 1.60.

About Euro Sun Mining

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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.

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