Buying shares in the share market can be a risky business. This is because the share price that you bought might fall the next day. If you sell it then, then you will suffer losses. However, if you sell it at a higher margin, you will profit.
Similarly, knowing the current EUA share price will help you make the best decision for buying a EUA share. Therefore, in this article, you will get to learn more about Eurasia Mining and its share prices so that you can go for the best investment opportunity.
What Is Eurasia Mining?
Eurasia Mining PLC is a British international mineral exploration and mining company. Even though it is based in Britain, most of its mining activities are centered in Russia. The company mainly mines for resources like Gold, Platinum Group Minerals (PGM) like Iridium and Rhodium, Copper, and other minerals.
The company was formed in 1996 and had its name in the Alternative Investment Market list in the same year. However, the company gained popularity after it discovered Monchetundra, a palladium-driven mine near the Russian town of Monchegorsk.
Eurasia Mining Projects
If you want to decide whether or not to invest in shares of Eurasia, you need to know about its operations first. Currently, it has three active mining operations. They are:
Monchetundra is an open-pit mine near Monchegorsk, which is near the border of Finland. The EPC contract and financial services are provided by the Chinese company Sinosteel. Along with the open-pit mines, many flanks exist alongside the Monchetundra license. These include targets like the NTF Massif and control over various extensions of the Loipishnune ores.
Monchetundra is a palladium-rich flagship open-pit mine containing rich palladium deposits, plutonium, copper, and nickel. The cits for mining these ores is lower than average because Sinosteel partly finances them through EPCF.
2. Rosgeo JV Projects
Eurasia has formed a 15-year joint venture with Rosgeo, Russia’s biggest geological holding company. This venture is also supported by the company Anglo American Platinum. Because of this joint venture, Eurasia has the only PGM mining permit in the region.
This project aims to transform the company into a major distributor and producer of PGM and battery metals. Therefore this joint venture is set up to allow Eurasia to gradually take control of 75% equity stakes of nine PGM and battery metals assets.
This joint venture allows Eurasia to control four different palladium, nickel, platinum, and cobalt deposit ores in the Monchetundra region. Later on, EUA will also have green signals for mining and developing five other pits of palladium, platinum, copper, nickel, and cobalt.
3. West Kytlim
A new addition to the assets of EUA includes this sustainable mining facility in West Kytlim PGM and Gold mines. The long-term goal of this project is to reduce carbon emissions from mining operations.
The goal of sustainability is only possible because of the reduced use of reinforced concrete and asphalt. Its main objective is to mill timber available on site. Due to its focus on sustainability, modern machinery and renewable electricity are applied 24/7.
The rivers of this region are dug for free, with their alluvial sediments transported using a washplant.
EUA Share Price
The forecast of Share Price EUA live from November 2021 to February 2022 is given below:
According to market reports published by Eurasia PLC, the company’s market capitalization is estimated to be $991 million, with total assets worth 14.6 million. The company has seen growth in its total revenue earned. This can be understood by the fact that the firm’s total revenue was $1.3 million in the year 2020. This amount jumped to $1.6 million by the end of 2021.
However, the EUA share price story is entirely different from this calculation. According to EUA share price chat, Eurasia Minings stock price was valued at GBX (Great Britan Pence) of 0.07, which amounts to $0.095 on March 2020 before the spread of the Covid pandemic. Since then, the price of its shares has increased by 27.5%; it is valued at 19.6GBX.
However, the stock prices of the company are currently volatile. This is evident by its movement or daily average volatility rate of 9.84% throughout last week. Its share prices also fell recently from 0.22GBX to 19.6GBX on a single day (Thursday, 17th February). During this day alone, its stock prices fell by 5.10%.
However, the volume of shares sold increased by 4 million, even while the Eurasia share price was still falling. This is an indication of risk for the share buyers. But this is all just speculation since the market is volatile and constantly changing.
Eurasia Mining News
If you are new in the share market, you should know that the EUA share price increase and decrease depending on the latest company news and their financial performances.
While the Monchetundra facility might still be far from production, Rosgeo pays all the drilling expenses. The EUA has also raised a lot of funds to aid Rosegeo in the mining process.
The latest news about Eurasia indicates that the company has sold 41.5 million shares to investors, requesting buyers to buy another 41.5 million shares. This is done to generate an influx of cash available to the company for all its mining operations.
Should You Buy EUA Stock?
The Monchetundra project is still far from production. This is because the project is still in its mining phase. It will then proceed to the refining stage and finally to the production and distribution phase, where the minerals will be available for sale to investors and buyers.
Therefore, we expect the company to reach its production stage in approximately two years. Given the trend of the value of EUA share price falling every day, we recommend you not to buy its shares for the time being.
This is because we expect the prices of Eurasia mining shares to drop more in the next few weeks, predicted due to its downward trend. However, this does not mean that EUA has no market potential. On the contrary, as soon as its projects hit production phases, the EUA share price will increase from 30 GBX by the end of 2023 to probably 71 GBX by 2027. Therefore, the company has a lot of potential for profitability, but not yet.
Also Read: What Is SHLL? Is SHLL A Good Stock?
Frequently Asked Questions (FAQs)
Eurasia is a mining company based in the UK. However, most of its mining operations take place in Russia because of the rich concentration of PGM. While their Monchetundra project is still in its developmental phase, it focuses on mining for the time being. However, it will start producing refined minerals in approximately 2-3 years.
Therefore, the EUA share price is decreasing in a downward trend. However, we expect the cost of the shares to rise when production starts. But we do not recommend buying its shares for the time being since they pose a high-risk value for the time being.