Centamin (LON:CEY) Shares Cross Above 200 Day Moving Average of $109.38

Centamin plc (LON:CEY) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 109.38 ($1.38) and traded as high as GBX 128 ($1.62). Centamin shares last traded at GBX 126.20 ($1.60), with a volume of 1,658,343 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 160 ($2.02) price objective on shares of Centamin in a report on Wednesday, June 26th.

Centamin Stock Performance

The firm has a market cap of £1.48 billion, a price-to-earnings ratio of 2,103.33, a P/E/G ratio of -1.53 and a beta of 0.58. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.22 and a quick ratio of 2.09. The firm has a fifty day simple moving average of GBX 120.90 and a two-hundred day simple moving average of GBX 109.38.

Insider Buying and Selling

In other news, insider Martin Horgan sold 95,783 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of GBX 123 ($1.56), for a total transaction of £117,813.09 ($149,017.32). 0.21% of the stock is owned by company insiders.

Centamin Company Profile

Centamin plc, together with its subsidiaries, engages in the exploration, mining, and development of gold and precious metals in Egypt, Côte d'Ivoire, Burkina Faso, Jersey, the United Kingdom, and Australia. Its principal asset is the Sukari Gold Mine project, which covers an area of approximately 160 square kilometers located in the Eastern Desert of Egypt.