Griffin Mining (LON:GFM) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Griffin Mining Limited (LON:GFM)’s stock price 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 changing hands.

Wall Street Analysts Forecast Growth

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

Griffin Mining Stock Up 1.4 %

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 company has a 50-day simple moving average of GBX 148.08 and a 200 day simple moving average of GBX 147.12. The company has a market cap of £274.97 million, a P/E ratio of 1,666.67 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.