Griffin Mining (LON:GFM) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Griffin Mining Limited (LON:GFM) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 145.30 ($1.90) and traded as high as GBX 160 ($2.09). Griffin Mining shares last traded at GBX 160 ($2.09), with a volume of 38,718 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 190 ($2.48) price target on shares of Griffin Mining in a research report on Thursday, September 12th.

Griffin Mining Stock Performance

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.76. The stock has a market cap of £291.46 million, a price-to-earnings ratio of 1,777.78 and a beta of 0.76. The stock has a fifty day simple moving average of GBX 142.92 and a two-hundred day simple moving average of GBX 145.30.

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.