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

Griffin Mining Limited (LON:GFM)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 157.70 ($2.04) and traded as high as GBX 186 ($2.41). Griffin Mining shares last traded at GBX 178 ($2.30), with a volume of 33,025 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 190 ($2.46) price target on shares of Griffin Mining in a research report on Thursday, January 2nd.

Griffin Mining Stock Down 3.8 %

The stock has a market cap of £410.55 million, a price-to-earnings ratio of 19.88 and a beta of 0.76. 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 50 day moving average is GBX 172.72 and its two-hundred day moving average is GBX 157.70.

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”).