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

by · The Markets Daily

Shares of Griffin Mining Limited (LON:GFM – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and set a GBX 190 ($2.47) target price on shares of Griffin Mining in a research report on Friday.

Get Our Latest Stock Report on GFM

Griffin Mining Stock Performance

The company’s 50-day moving average is GBX 149.32 and its two-hundred day moving average is GBX 147.35. The company has a market capitalization of £274.97 million, a P/E ratio of 1,666.67 and a beta of 0.76. The company has a quick ratio of 0.98, a current ratio of 1.76 and a debt-to-equity ratio of 0.25.

About Griffin Mining

(Get Free Report)

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.

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