Griffin Mining (LON:GFM) Stock Price Down 2.7% – Time to Sell?

Shares of Griffin Mining Limited (LON:GFM) were down 2.7% during mid-day trading on Tuesday . The company traded as low as GBX 144 ($1.84) and last traded at GBX 144 ($1.84). Approximately 57,767 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 172,062 shares. The stock had previously closed at GBX 148 ($1.89).

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 190 ($2.43) price target on shares of Griffin Mining in a research report on Friday, October 25th.

Griffin Mining Trading Down 2.7 %

The firm has a market capitalization of £263.97 million, a P/E ratio of 1,600.00 and a beta of 0.76. The company has a quick ratio of 0.98, a current ratio of 1.76 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average of GBX 150.15 and a 200-day moving average of GBX 146.95.

About Griffin Mining

Griffin Mining Limited, a mining and investment company, engages in the mining, exploration, and development of mineral properties. The company primarily explores for gold, zinc, silver, lead, and base and precious metal deposits. Its principal property is the Caijiaying mine located in Hebei Province, the People's Republic of China.