Griffin Mining (LON:GFM) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Griffin Mining Limited (LON:GFM) shares 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.

Wall Street Analyst Weigh In

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

Griffin Mining Price Performance

The stock has a market capitalization of £274.97 million, a PE ratio of 1,666.67 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.76 and a quick ratio of 0.98. The firm’s 50 day simple moving average is GBX 149.32 and its 200 day simple moving average is GBX 147.35.

Griffin Mining Company Profile

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.