Griffin Mining (LON:GFM) Shares Pass Above 200-Day Moving Average of $138.98

Shares of Griffin Mining Limited (LON:GFM) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 138.98 ($1.84) and traded as high as GBX 150.20 ($1.98). Griffin Mining shares last traded at GBX 148 ($1.96), with a volume of 72,207 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 190 ($2.51) price target on shares of Griffin Mining in a research note on Thursday, September 12th.

Griffin Mining Stock Performance

The company has a current ratio of 1.76, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25. The firm’s fifty day moving average is GBX 137.33 and its 200 day moving average is GBX 139.33. The company has a market cap of £274.97 million, a PE ratio of 1,875.00 and a beta of 0.76.

Griffin Mining Company Profile

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.