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Eurasia Mining Shares Slide On Dual Listing Discussions

Sam Boughedda trader
Updated 23 Nov 2021

Eurasia Mining (LON: EUA) shares are on the decline Tuesday after it revealed it has actively explored the potential benefits of a dual listing.

The announcement by the company follows recent media speculation about a listing of its shares on the Moscow Exchange while retaining its listing on AIM.

“The Board has actively explored the potential benefits of a Dual Listing, including provision of an opportunity for Russian investors to have easier access to a facility for the trading of shares in the Company, but no decision has been made yet,” said Eurasia.

Christian Schaffalitzky, Executive Chairman of Eurasia, commented: “While the Directors see the benefits of a Dual Listing, our priority is to execute on our strategy as announced.”

Eurasia Mining shares are 2.4% at 24.4p at the time of writing after initially hitting a low of 23.02p.

Last week, Eurasia shares gained after revealing that it had secured another license at West Kytlim.

Should you invest in Eurasia Mining shares?

Eurasia Mining shares are traded on the London stock exchange's AIM market (the alternative investment market), which is the submarket specifically for smaller companies. AIM stocks are attractive to investors as they have tax advantages and smaller companies have the potential to benefit from rapid growth. But are EUA shares the best buy? Our stock market analysts regularly review the market and share their picks for high growth companies

Sam is a trader and lead stock market writer at AskTraders. After starting his career in the forex market, Sam now focuses on stocks, specifically consumer staples.