Griffin Mining (LON:GFM) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Griffin Mining Limited (LON:GFM)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 145.34 ($1.77) and traded as high as GBX 149 ($1.81). Griffin Mining shares last traded at GBX 147 ($1.79), with a volume of 92,604 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 190 ($2.31) price target on shares of Griffin Mining in a research report on Thursday, January 2nd.

Griffin Mining Trading Up 2.8 %

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 business’s 50-day moving average is GBX 146.31 and its two-hundred day moving average is GBX 145.25. The stock has a market capitalization of £269.47 million, a PE ratio of 1,633.33 and a beta of 0.76.

Griffin Mining Company Profile

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”).