Griffin Mining (LON:GFM) Hits New 12-Month High – What’s Next?

Griffin Mining Limited (LON:GFM) reached a new 52-week high during trading on Thursday . The company traded as high as GBX 190 ($2.41) and last traded at GBX 188 ($2.38), with a volume of 91992 shares trading hands. The stock had previously closed at GBX 186 ($2.36).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 190 ($2.41) target price on shares of Griffin Mining in a research note on Thursday, January 2nd.

Griffin Mining Stock Performance

The company has a quick ratio of 0.98, a current ratio of 1.76 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average is GBX 158.05 and its two-hundred day moving average is GBX 150.40. The stock has a market cap of £433.61 million, a P/E ratio of 21.00 and a beta of 0.76.

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”).