Griffin Mining (LON:GFM) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of Griffin Mining Limited (LON:GFM) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 147.12 ($1.91) and traded as high as GBX 152 ($1.97). Griffin Mining shares last traded at GBX 150 ($1.95), with a volume of 197,088 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 190 ($2.47) target price on shares of Griffin Mining in a report on Thursday, September 12th.

Griffin Mining Stock Performance

The business’s 50-day moving average price is GBX 148.08 and its 200-day moving average price is GBX 147.12. The stock has a market cap of £274.97 million, a P/E ratio of 1,666.67 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, 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.