Griffin Mining (LON:GFM) Share Price Passes Above 200-Day Moving Average – Here’s Why

Shares of Griffin Mining Limited (LON:GFM) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 156.01 ($2.03) and traded as high as GBX 185 ($2.40). Griffin Mining shares last traded at GBX 183 ($2.38), with a volume of 63,906 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 190 ($2.47) price target on shares of Griffin Mining in a report on Thursday, January 2nd.

Griffin Mining Trading Down 0.5 %

The business has a fifty day simple moving average of GBX 168.18 and a 200 day simple moving average of GBX 156.01. The stock has a market cap of £422.08 million, a price-to-earnings ratio of 20.44 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.76.

About Griffin Mining

Griffin Mining Limited (“Griffin” or “the Company”) is a mining and investment company, incorporated in Bermuda in 1988 whose shares were admitted to trading on the Alternative Investment Market of the London Stock Exchange (“AIM”) in 1997.
The major asset of the Company is an 88.8% interest in Hebei Hua Ao Mining Industry Company Limited (“Hebei Hua Ao”) through its wholly-owned Hong Kong subsidiary, China Zinc Limited (“China Zinc”), which holds licences, the operating mine and processing facilities (the “Caijiaying Mine”) near Zhangjiakou City in the People’s Republic of China (“PRC” or “China”).