Serabi Gold (LON:SRB) Shares Pass Above 200-Day Moving Average – Here’s Why

Serabi Gold plc (LON:SRB) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 79.89 ($1.00) and traded as high as GBX 115 ($1.44). Serabi Gold shares last traded at GBX 114.85 ($1.44), with a volume of 244,062 shares changing hands.

Serabi Gold Stock Performance

The firm’s 50-day moving average price is GBX 95.34 and its 200-day moving average price is GBX 79.89. The company has a debt-to-equity ratio of 6.50, a current ratio of 2.09 and a quick ratio of 1.26. The stock has a market cap of £86.98 million, a P/E ratio of 1,044.09 and a beta of 1.06.

About Serabi Gold

Serabi Gold plc engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil. The company explores for and produces gold and copper deposits. It primarily holds 100% interests in the Palito mining complex covering an area of approximately 56,631 hectares; and the Coringa Gold Project located in the Tapajos region of northern Brazil.