EUA - Media Spider on Ortex26 Mar 2022 06:32
Morning all - popped up on Ortex this week not sure if already been shared but some breakfast reading on EUA instead of crazy war posts .
Acquire Media Spider - 22nd Mar 12:08
Why I think the Eurasia Mining (EUA) share price could surge [Yahoo! UK & Ireland Finance News]
"In this article: EUA View of a gold mine from above Key points No individual or entity associated with the company has been targeted by Western sanctions"
For the six months to 30 June 2021, sales increased from £48,000 to £425,000 year on year
An unnamed buyer has completed due diligence to purchase most of the firm's assets
Working within the mining industry, Eurasia Mining (LSE:EUA) is a UK-based mineral exploration company. Specifically, it mines platinum, gold, copper, nickel, and cobalt. Operating exclusively in Russia, the EUA share price has not been immune to the conflict in Ukraine. While the firm has stated that it should avoid Western sanctions, the share price has been volatile. It currently trades at 9p, down 45% in the past month and down 69% in the past year. With recent results showing improvement, however, I think now might be a good time to buy shares in this company. Let's take a closer look.
Recent events and the EUA share price
As a business operating in Russia, investors aggressively sold Eurasia Mining shares when when hostilities broke out in Ukraine. The stock was part of a wider stock market sell-off, with other firms like Polymetal International and Evraz suffering similar fates.
On 2 March 2022 however, the business stated that “no individual or entity” associated with Eurasia Mining had been subject to Western sanctions. I see this as good news, because pressure on the share price should ease if parties to the conflict reach a ceasefire. On a human level, this would be most welcome news for civilians in the area.
In the short term, at least, the conflict will inevitably affect the EUA share price. Despite this, the company is still able to function normally. But a prolonged conflict will inevitably be bad news for the stock.
Continued…