Griffin Mining (LON:GFM) Share Price Passes Above Two Hundred Day Moving Average of $129.80

Griffin Mining Limited (LON:GFM)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 129.80 ($1.67) and traded as high as GBX 132 ($1.70). Griffin Mining shares last traded at GBX 129 ($1.66), with a volume of 113,588 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank increased their price objective on Griffin Mining from GBX 180 ($2.32) to GBX 190 ($2.44) and gave the stock a “buy” rating in a report on Wednesday, July 10th.

Griffin Mining Stock Performance

The company has a debt-to-equity ratio of 0.27, a current ratio of 1.57 and a quick ratio of 0.98. The firm has a fifty day simple moving average of GBX 150.36 and a 200 day simple moving average of GBX 130.08. The company has a market cap of £237.66 million, a price-to-earnings ratio of 2,150.00 and a beta of 0.89.

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.