Griffin Mining (LON:GFM) Shares Pass Above 200 Day Moving Average of $141.16

Shares of Griffin Mining Limited (LON:GFM) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 141.16 ($1.89) and traded as high as GBX 163.36 ($2.19). Griffin Mining shares last traded at GBX 163 ($2.18), with a volume of 434,657 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 190 ($2.54) price target on shares of Griffin Mining in a research note on Thursday, September 12th.

Griffin Mining Stock Up 5.2 %

The company has a market cap of £298.80 million, a PE ratio of 2,037.50 and a beta of 0.76. The business has a fifty day simple moving average of GBX 137.55 and a two-hundred day simple moving average of GBX 141.16. The company has a current ratio of 1.76, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25.

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.