Griffin Mining Ltd (LON:GFM) Insider Acquires £7,000 in Stock

Griffin Mining Ltd (LON:GFM) insider Adam Usdan purchased 20,000 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The shares were purchased at an average cost of GBX 35 ($0.46) per share, with a total value of £7,000 ($9,208.10).

Adam Usdan also recently made the following trade(s):

  • On Monday, March 23rd, Adam Usdan purchased 100,000 shares of Griffin Mining stock. The shares were purchased at an average cost of GBX 32 ($0.42) per share, with a total value of £32,000 ($42,094.19).

LON GFM opened at GBX 35 ($0.46) on Thursday. The stock has a market capitalization of $60.48 million and a P/E ratio of 4.93. Griffin Mining Ltd has a 52-week low of GBX 43 ($0.57) and a 52-week high of GBX 118.50 ($1.56). The firm has a 50-day moving average price of GBX 51.99 and a 200 day moving average price of GBX 71.06. The company has a quick ratio of 0.80, a current ratio of 0.93 and a debt-to-equity ratio of 0.45.

Separately, Panmure Gordon cut their price target on shares of Griffin Mining from GBX 96 ($1.26) to GBX 47 ($0.62) and set a “sell” rating for the company in a report on Friday, February 7th.

Griffin Mining Company Profile

Griffin Mining Limited, a mining and investment company, engages in the mining, exploration, and development of mineral properties. The company explores for zinc, gold, 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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